Cathie Wood Joins Crypto Heavyweights In Backing BitMine's Ethereum Play
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jul 22 2025
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Source: Benzinga
ARK Invest's Major Investment: ARK Invest, led by Cathie Wood, has invested $182 million in BitMine Immersion Technologies Inc., acquiring nearly 4.8 million shares, with proceeds aimed at purchasing Ethereum to acquire 5% of its circulating supply.
Institutional Support for Ethereum: The investment reflects growing institutional interest in Ethereum, supported by notable investors like Founders Fund and Pantera Capital, signaling confidence in the asset's long-term potential amidst a competitive crypto landscape.
Analyst Views on ETHE
Wall Street analysts forecast ETHE stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for ETHE is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 24.760
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
