{"id":38214,"date":"2025-07-22T17:46:33","date_gmt":"2025-07-22T17:46:33","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=38214"},"modified":"2025-07-22T17:46:33","modified_gmt":"2025-07-22T17:46:33","slug":"cathie-wood-joins-crypto-heavyweights-in-backing-bitmines-ethereum-play","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=38214","title":{"rendered":"Cathie Wood Joins Crypto Heavyweights In Backing BitMine&#8217;s Ethereum Play"},"content":{"rendered":"<div>\n<p><strong>ARK Invest<\/strong>, led by Cathie Wood, has made a major equity investment in <strong>BitMine Immersion Technologies Inc.<\/strong> (AMEX:<a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/stock\/BMNR#AMEX\">BMNR<\/a>), <a href=\"https:\/\/www.benzinga.com\/pressreleases\/25\/07\/n46541601\/ark-invest-acquires-182-million-of-bitmine-immersion-bmnr-common-shares-enabling-bitmine-to-furthe\" target=\"_blank\" rel=\"noreferrer noopener\">acquiring nearly 4.8 million shares<\/a> valued at $182 million across multiple ARK funds.<\/p>\n<p>BitMine confirmed that the net proceeds of $177 million from this transaction will be used exclusively to buy Ethereum (ETH), as the firm pursues its goal of acquiring 5% of the circulating ETH supply.<\/p>\n<p><strong>Thomas \u201cTom\u201d Lee<\/strong>, Chairman of BitMine\u2019s Board of Directors and Head of Research at Fundstrat, lauded Cathie Wood\u2019s ARK Invest for taking a substantial stake in BitMine. <\/p>\n<p><em><strong>Also Read:<a href=\"https:\/\/www.benzinga.com\/markets\/equities\/25\/07\/46487931\/bitmine-surges-14-after-hours-as-ethereum-holdings-top-1-billion-just-days-after-250-million-raise\" target=\"_blank\" ...><\/a><\/strong><\/em><\/p>\n<p><a href=\"https:\/\/www.benzinga.com\/trading-ideas\/movers\/25\/07\/46553678\/cathie-wood-joins-crypto-heavyweights-in-backing-bitmines-ethereum-play\" alt=\"Cathie\" wood joins crypto heavyweights in backing bitmine ethereum play>Full story available on Benzinga.com<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>ARK Invest, led by Cathie Wood, has made a major equity investment in BitMine Immersion Technologies Inc. (AMEX:BMNR), acquiring nearly 4.8 million shares valued at $182 million across multiple ARK funds. BitMine confirmed that the net proceeds of $177 million from this transaction will be used exclusively to buy Ethereum (ETH), as the firm pursues [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-38214","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/38214","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=38214"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/38214\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=38214"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=38214"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=38214"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}