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"Wood Sister" Invests in Ethereum Asset Management Company BitMine

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#Crypto Stocks
Odaily
220Words
Jul 22, 2025

Ark Investment Management, managed by Cathie Wood, has purchased approximately 4.77 million shares of Bitcoin mining company BitMine, worth $182.00 million, and will allocate them to three funds. According to a statement from BitMine, the proceeds from the sale will be used to purchase Ethereum. BitMine recently shifted to an Ethereum-related asset management strategy. [Odaily]

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