Why Is Cathie Wood Buying More BitMine As Ethereum Plummets? Ark Invest Doubles Down as Tom Lee Defends Strategy

Key Takeaways Cathie Wood’s ARK Invest added more than $44 million in crypto-linked equities, including BitMine, Robinhood, and Circle. BitMine chairman Tom Lee defended the firm’s Ethereum treasury model despite billions of losses. Analysts say Ethereum’s price lacks momentum. Cathie Wood’s ARK Invest increased its exposure to crypto-linked equities this week, buying shares of BitMine and other digital-asset firms, despite Ethereum’s sharp price drop and mounting sector-wide losses. The purchase ...