Cathie Wood’s ARK Invest buys additional 242,347 shares of Ether treasury firm BitMine

Crypto BriefingFriday, November 14, 2025 at 1:45:56 AM
Cathie Wood’s ARK Invest buys additional 242,347 shares of Ether treasury firm BitMine
Cathie Wood's ARK Invest has recently acquired an additional 242,347 shares of BitMine, reflecting a robust commitment to Ethereum. This move aligns with ARK's broader strategy, as evidenced by their recent purchase of 353,328 shares in Circle, which underscores their growing confidence in stablecoins and their role in digital finance. The combined investments suggest a strategic focus on enhancing market confidence in cryptocurrencies, particularly as ARK resumes its crypto buying spree, which may encourage wider adoption across the sector.
— via World Pulse Now AI Editorial System

Was this article worth reading? Share it

Recommended Readings
Ethereum is entering its own ‘Supercycle’: Tom Lee sparks confusion
NeutralCryptocurrency
Tom Lee, executive chairman of BitMine Immersion Technologies and head of research at Fundstrat Global Advisors, claims that Ethereum (ETH) is entering a 'supercycle' similar to the one that previously propelled Bitcoin to significant gains. He compares the current rally of Ether to Bitcoin's past performance, suggesting that Ethereum could experience substantial growth in the near future. This statement has generated interest and confusion among investors and analysts in the cryptocurrency market.
Ethereum starting on ‘same supercycle’ as Bitcoin: BitMine’s Tom Lee
PositiveCryptocurrency
Tom Lee of BitMine predicts that Ethereum (Ether) is poised for significant growth, potentially increasing by 100 times in the coming years, similar to the price trajectory of Bitcoin in the past. This forecast suggests a bullish outlook for Ether as it enters what Lee describes as the same 'supercycle' that Bitcoin experienced. The statement reflects growing optimism in the cryptocurrency market regarding Ethereum's future performance.
Dogecoin (DOGE) Weak Rebound Attempts, Signaling Struggle to Mount Recovery
NegativeCryptocurrency
Dogecoin has experienced a fresh decline, dropping below the $0.180 mark against the US Dollar. The cryptocurrency is currently correcting some losses but may face resistance near $0.1650. A bearish trend is evident as the price trades below both the $0.170 level and the 100-hourly simple moving average, indicating potential for further losses if it remains below these key levels.
XRP Price Continues Lower as Sellers Tighten Grip on Intraday Structure
NegativeCryptocurrency
XRP price has begun a new decline from $2.350, showing bearish signs that could lead to further losses if it falls below $2.150. Currently trading below $2.30 and the 100-hourly Simple Moving Average, XRP has formed a short-term bearish trend line with resistance at $2.2550. A recent low was established at $2.155, indicating a consolidation of losses.
Ethereum Slips to $3K, Highlighting Weakness After Recent Failed Rebound
NegativeCryptocurrency
Ethereum's price has fallen below $3,200, marking a significant decline of over 5% as it struggles to maintain levels above $3,250. The cryptocurrency's recent performance indicates a fresh downward trend, with a low recorded at $3,003. A key resistance level is identified at $3,160, and if Ethereum settles below the $3,000 mark, further declines may follow. The price movement reflects broader market challenges similar to those faced by Bitcoin.