"Wood Sister" invests in the Ethereum asset management company BitMine.

"Wood Sister" Cathie Wood's Ark Investment Management bought about 4.77 million shares of BitMine, a Bitcoin mining company, worth $182 million, and will allocate them to three funds. According to a statement from BitMine, the proceeds from the sale will be used to purchase Ethereum. BitMine recently shifted towards an Ethereum-related asset management strategy.