Cathie Wood stakes big bets on Ethereum, selling Robinhood – Details
Source: CoinWorld
Time: 2025-09-10 13:38:41
ARK Invest, led by Cathie Wood, has increased its holdings of Ethereum, increased its holdings of $4.46 million in BitMine Immersion Technologies (BMNR) through three ETFs, while selling $5.1 million in Robinhood stock. BitMine, the largest ETH corporate holder, with an estimated 1.78-2 million ETHs, and its share price rose 0.67% to $44.08. The move reflects ARK's strategic shift to crypto-pegged stocks and confidence in Ethereum's long-term potential.