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Nauman Khan

Cathie Wood Is Buying Shares of This Little-Known Ethereum Treasury Company. Should You?

Cathie Wood BitMine Ethereum Crypto ARK Ark Invest Barchart Bitcoin BitMine Immersion Technologies BMNR

Cathie Wood is known for making bold bets on disruptive technologies. Her latest move is catching attention in the crypto world. Through Ark Invest’s flagship funds, she has been buying up shares of BitMine Immersion Technologies (BMNR), an under-the-radar company building an Ethereum (ETHUSD) treasury.

BitMine recently shifted its focus to Ethereum and has already built holdings worth more than $2 billion. The company’s goal is to acquire 5% of all ETH in circulation. Ark Invest has been adding millions of BitMine shares across its exchange-traded funds including its flagship Ark Innovation ETF (ARKK), showing its confidence in BMNR.

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