"Cathie Wood, also known as 'Wood Sister,' invests in Tom Lee's Ethereum asset management company BitMine."

"Wood Sister" Cathie Wood's Ark Investment Management has subscribed to approximately 4.77 million shares of the Bitcoin mining company BitMine, 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 asset management strategy related to Ethereum. Noelle Acheson, author of the newsletter "Crypto is Macro Now", believes that "the next step will be asset management companies purchasing a variety of assets, providing fund managers with more diversified options."