Cathie Wood Joins Crypto Heavyweights In Backing BitMine's Ethereum Play

Akanksha Bakshi

July 22, 2025

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 its goal of acquiring 5% of the circulating ETH supply.

Thomas “Tom” Lee, Chairman of BitMine’s Board of Directors and Head of Research at Fundstrat, lauded Cathie Wood’s ARK Invest for taking a substantial stake in BitMine.

Also Read: BitMine Surges 14% After Hours As Ethereum Holdings Top $1 Billion Just Days After $250 Million Raise

He highlighted her reputation as an early backer of breakthrough investments such as Tesla Inc. (NASDAQ:TSLA) and Bitcoin (CRYPTO: BTC/USD). Wood recently anchored her support behind Circle’s (NYSE:CRCL) high-profile IPO under the ticker CRCL.

Other major names backing BitMine’s Ethereum strategy include Founders Fund, Pantera Capital, Galaxy Digital, Kraken, Digital Currency Group, and the pseudonymous MOZAYYX. Their collective support points to renewed institutional interest in Ethereum as the crypto market gears up for what some believe could be the next bull cycle.

The move also reflects what many are calling the “Peter Thiel effect,” referring to the wave of capital entering Ethereum-related projects following strong signals from influential tech investors.

BitMine’s decision to allocate its latest raise to Ethereum is a bold signal of confidence in the asset’s long-term trajectory. As competition among crypto-focused firms intensifies, strategic backing from high-profile investors like Wood could shape the future of digital asset accumulation.

Related ETFs include Grayscale Ethereum Trust (OTCQX:ETHE) and Bitwise Crypto Industry Innovators ETF (NYSE:BITQ).

Price Action: BMNR shares are trading higher by 4.08% to $41.19 at last check Tuesday.

Read Next:

Peter Thiel And Cathie Wood Just Boarded Tom Lee’s Ether Rocket

Image via Shutterstock

Recommended

Is Elon's Empire Crumbling? - Ad

The Tesla Shock Nobody Sees Coming - Ad

How to Hack a $1.3T Market - Ad

President Donald Trump during a dinner with Republican lawmakers stated, that up to 5 jets were shot down during the India-Pakistan conflict.

Cathie Wood Doubles Down On Tesla Despite Leadership Exodus, Dumps $22 Million Of Crypto Stocks Amid Bitcoin Buzz

Cathie Wood-led Ark Invest made significant trades on Tuesday, involving major companies like Tesla Inc. (NASDAQ:TSLA), Coinbase Global Inc.

Tap Into the $65B 'Shroom Boom'

Tap Into the $65B 'Shroom Boom' - Ad

People are rapidly discovering how mushrooms can enhance brain function, gut health, immunity, and more. The only thing holding them back? A simple way to grow them. Hypha Labs built a compact countertop device to solve exactly that.

Bitcoin's 4-Year Cycle Is Dead, Researcher Says: Here's Why It Matters For XRP

The crypto market has changed, and experts say relying on the traditional 4-year halving cycle could leave investors poorly positioned in

Rigetti Computing, Netflix, Johnson & Johnson, United Airlines And ASML: Why These 5 Stocks Are On Investors' Radars Today

U.S. stocks moved higher today, with the Dow Jones gaining more than 200 points, or 0.5%, to close at 44,254.78.

FDA Submission Expected This Summer - Invest Before It Happens

FDA Submission Expected This Summer - Invest Before It Happens - Ad

This company is making heart disease easier to detect with AI. Their tech has officially been designated a "Breakthrough" by the FDA. You now have an opportunity to get in at a potential inflection point.

How Trump could use a building renovation to oust the Fed chair

WASHINGTON (AP) — President says he has finally found a way to achieve his goal of removing Federal Reserve Chair Jerome Powell, accusing him of mismanaging the U.S. central bank’s $2.5 billion renovation project.

Mark Cuban Praised His 'Hustling' Son, But Told Kids: 'Figure Out Who You Are, You Don't Need To Follow In My Footsteps'

Jake Cuban embarked on an entrepreneurial journey reminiscent of his father's early business ventures by starting a side hustle selling candy at his school.

Back the Biotech Company Unlocking Mushroom Health Benefits for All

Back the Biotech Company Unlocking Mushroom Health Benefits for All - Ad

Functional mushrooms can boost mental, gut, and immune health-but people can't grow them at home. One company is making it easy with a patent-pending kitchen device. Think Nespresso, but for mushrooms. The functional mushroom market is projected to nearly double by 2030.

Barbara Corcoran, Who Sold Her Real Estate Empire For $66 Million Decades Ago, Says This Is The 'Most Under-Utilized' Tool In The Workplace

Real estate millionaire Barbara Corcoran built a $20 billion brokerage by making work fun with picnics, rewards, and perks, not strict rules.

Drone attacks on oil fields in Iraq's Kurdish region shut down another facility

BAGHDAD (AP) — Drones targeted Wednesday, the latest in a series of attacks in recent days that have put several oil facilities out of commission.

If You Missed Tesla, Here's Your "Second Chance"...

If You Missed Tesla, Here's Your "Second Chance"... - Ad

If you missed your shot at turning $1,000 into more than $18,000 when I recommended Tesla, you'll want to pay close attention. I'm 100% convinced Elon's "Agenda X" could make early investors rich. But you need to hurry, because Elon and Visa are moments away from launching.

Donald Trump Files $10 Billion Lawsuit Against WSJ And Rupert Murdoch

Donald Trump has filed a $10 billion defamation lawsuit against The Wall Street Journal and Rupert Murdoch.

Carney Faces Cross-Border Pressure Amid High-Stakes US Trade Talks

Carney faces growing criticism at home as Trump threatens steep tariffs amid tense Canada-U.S. trade negotiations.

Back This Medical AI Tech

Back This Medical AI Tech - Ad

You don't often find healthcare tech company valued at $4M. HeartSciences is an exception. With $75M invested, including R&D, clinical trials, and product development, their patented AI software is approaching FDA submission, a potential major inflection point.

'Superman' Flies Past $400 Million But Falters Overseas, While 'Jurassic World Rebirth' Charges Toward $650 Million In A Red-Hot Summer Box Office Battle

Warner Bros.' Superman crossed $400 million globally despite weak overseas performance, while Universal's Jurassic World Rebirth nears $650 million in a competitive summer box office season led by major franchise films.

At 14, Jamie Dimon Owned His First Stock, Watched A 45% Market Crash Only To Learn This Investment Lesson: 'History Does Rhyme'

Jamie Dimon, the CEO of JPMorgan Chase & Co., revealed the pivotal investment lesson he learned as a teenager.

Leaked Memo Points to $100 Trillion Wealth Transfer Starting Soon

Leaked Memo Points to $100 Trillion Wealth Transfer Starting Soon - Ad

The U.S. Department of the Interior's internal memo has leaked ... and the contents are shocking. A federally backed resource monetization plan may soon go live, and it could trigger a new gold rush into select energy and mineral stocks. Investing legend Whitney Tilson breaks it all down inside.

Ranchers in southern Mexico are struggling against a flesh-eating parasite infecting livestock

CINTALAPA, Mexico (AP) — With Mexican cattle again barred this month from entry to the United States over fears of spreading a flesh-eating parasite, ranchers and veterinarians in Mexico hundreds of miles from the border are fighting what has U.S. agricultural authorities so on edge.

Trump-Backed Crypto Bills Stalled Again In House Of Representatives, Marjorie Taylor Greene Holds Out On CBDC Ban: 'Will Not Vote For This'

House Republican leaders faced another setback Wednesday in their efforts to move key cryptocurrency bills, due to disagreements among GOP lawmakers.

What's inside Elon's building in Memphis will shock you

What's inside Elon's building in Memphis will shock you - Ad

Inside Elon Musk's Memphis site lies a supercomputer built to power the world's first superhuman AI. It could make Elon a trillionaire - and new millionaires, too. With just $500, you could get in before the September 1st funding window closes.

This New Themes ETF Lets You Bet On China's ChatGPT Rivals

American investors now have a new way to access China's AI market through Themes China Generative AI ETF, offering low expenses and exposure to Chinese talent.

Inside the high-stakes battle to win a New York City casino license

NEW YORK (AP) — A Caesars Palace casino in the heart of Times Square. A sprawling gambling hall along Coney Island’s iconic boardwalk. A Hard Rock casino complex next to the home stadium of baseball’s New York Mets.

Is Elon's Empire Crumbling?

Is Elon's Empire Crumbling? - Ad

Jeff Brown - the legend who called Tesla and Nvidia early - says Elon is about to launch a $25T AI revolution. This isn't another chatbot. It's real-world AI that could 14X the impact of ChatGPT. But after October 23rd, it may be too late.

Lin-Manuel Miranda will turn 'Hamilton' 10th anniversary into a fundraiser for immigration services

plans to use the Broadway performance of his award-winning cultural phenomenon as a fundraiser for a coalition of nonprofits providing immigration services.

Ethereum, XRP, SOL Surge After GENIUS Act: What's Driving The Altcoin Rally?

The altcoin rally may only be getting started and follows the signing of the GENIUS Act, the most significant U.S. crypto legislation to date, ushering in structural clarity for digital assets.

The Tesla Shock Nobody Sees Coming

The Tesla Shock Nobody Sees Coming - Ad

While headlines scream "Tesla is doomed"...Jeff Brown has uncovered a revolutionary AI breakthrough buried inside Tesla's labs. One that is helping AI escape from our computer screens and manifest itself here in the real world all while creating a 25,000% growth market explosion starting as early as October 23rd.

Tea, an app for women to safely talk about men they date, has been breached, user IDs exposed

Tea, an app designed to let women safely discuss men they date has been breached, with thousands of selfies and photo IDs of users exposed, the company confirmed on Friday.

Shiba Inu Could Surge 3,000% and Overtake Dogecoin by 2026, Say Analysts

Memecoin Shiba Inu (CRYPTO: SHIB) is expected to outperform Dogecoin (CRYPTO: DOGE) in the forthcoming bull cycle, as per analysts’ predictions.

How to Hack a $1.3T Market

How to Hack a $1.3T Market - Ad

Forget concrete. The new foundation for real estate success is digital, and Pacaso leads the way. Their tech unlocks a $1.3T real estate market. They've already earned $110M+ in gross profits in their operating history and reserved the Nasdaq ticker PCSO.

Oklo Stock Hit A New 52-Week High Today: What's Driving The Action?

Shares of advanced nuclear technology company Oklo are trading higher Thursday. The company announced a strategic alliance with Liberty Energy on Wednesday.

Senate committee advances Trump nominee to lead cybersecurity agency that protects election systems

NEW YORK (AP) — A U.S. Senate committee voted Wednesday to advance President Donald Trump’s pick to lead the agency that secures the nation’s critical infrastructure, .

Tap Into the $65B 'Shroom Boom'

Tap Into the $65B 'Shroom Boom' - Ad

Britain and Australia to sign 50-year nuclear submarine treaty

MELBOURNE, Australia (AP) — Britain and Australia announced they will sign a cooperation treaty to build Australian nuclear-powered submarines and welcomed a review by administration of the United States' role in the trilateral defense deal.

1.4M of the nation's poorest renters risk losing their homes with Trump's proposed HUD time limit

WOODINVILLE, Wash. (AP) — Havalah Hopkins rarely says no to the chain restaurant catering gigs that send her out to Seattle-area events — from church potlucks to office lunches and graduation parties.

FDA Submission Expected This Summer - Invest Before It Happens

FDA Submission Expected This Summer - Invest Before It Happens - Ad

Anthropic Study Shows AI Chatbots Can Transfer Their Bad Habits Through Hidden Signals In Data

AI systems can pick up hidden biases from data, leading to safety concerns. Study shows this can happen even with small models sharing architecture.

Trump administration imposes limits on Mexican flights and threatens Delta alliance in trade dispute

The Trump administration imposed new restrictions Saturday on flights from Mexico and threatened to end a longstanding partnership between Delta Air Lines and Aeromexico in response to limits the Mexican government placed on passenger and cargo flights into Mexico City several years ago.

Back the Biotech Company Unlocking Mushroom Health Benefits for All

Back the Biotech Company Unlocking Mushroom Health Benefits for All - Ad

S&P 500 Is 'More Concentrated Than Ever:' Here's What $100K In Its Top 10 Stocks Since 2021 Would Be Worth Today

The S&P 500 has reached a very high level of concentration, with the top 10 stocks driving 54% of its market cap gains since January 2021.

Trending Now