Cathie Wood's ARK Invest Loads Up on ETH Treasury Bet Through Bitmine Shares | COINDESK DAILY
CoinDesk Podcast Network
CoinDesk
4.8 • 689 Ratings
🗓️ 23 July 2025
⏱️ 3 minutes
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Summary
Host Jennifer Sanasie breaks down the latest news in the crypto industry as Cathie Wood's ARK Invest is making a bold bet on an ETH treasury play.
Cathie Wood's ARK Invest is making a bold bet on an ETH treasury play with a $116 million purchase of Bitmine Immersion Technologies shares. Plus, the continued rally in SOL and JPMorgan's plan for crypto-backed loans. CoinDesk’s Jennifer Sanasie hosts “CoinDesk Daily.”
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This episode was hosted by Jennifer Sanasie. “CoinDesk Daily” is produced by Jennifer Sanasie and edited by Victor Chen.
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Transcript
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| 0:00.0 | Kathy Wood's ArkInvest makes a bet on Ethereum Treasuries and Solana surges past $200. |
| 0:06.2 | You're watching Coin Desk Daily. I'm your host, Jen Sanasi. |
| 0:15.7 | Kathy Wood is making a bold bet on eth treasuries as-Invest has purchased 4.4 million shares of Bitmine |
| 0:22.7 | Emerging Technologies for $116 million. Led by Tom Lee, Bitmine has become one of the largest |
| 0:29.3 | corporate holders of ETH. The firm owns 300,000 tokens in their bag worth more than $1 billion, |
| 0:35.4 | and they plan to stake up to 5% of Ethereum's total supply. |
| 0:39.3 | It's a pivot that's drawn comparisons to strategies, Bitcoin strategy, |
| 0:43.7 | and ignited investor interest in ether as a balance sheet asset. |
| 0:47.8 | As of this morning, ETH has cooled down from the recent rally trading below $3,700. |
| 0:53.1 | Solana is taking the baton as Seoul surged past $200 for the first time since March. |
| 0:59.1 | This comes as network player Gito introduced the Block Assembly marketplace, a move that some |
| 1:04.1 | observers said boosted investor interest in Seoul. |
| 1:07.4 | The introduction of BAM is expected to improve transaction sequencing, reduce MIV, |
| 1:11.9 | and offer programmable control over block space. Meanwhile, institutional interest in Solana is growing |
| 1:17.8 | with significant inflows into investment products and pre-commitments to a proposed ETF, |
| 1:23.4 | driving Seoul's 33% rise in July. Midnight is a privacy-enhancing blockchain, introducing vital, programmable privacy and selective |
| 1:31.9 | disclosure capabilities. |
| 1:34.1 | It means DAPS can allow users to control what information is revealed without putting sensitive |
| 1:38.4 | data on-chain, allowing you to break free from the limitation of choosing between utility |
| 1:43.6 | or privacy. We deserve more choosing between utility or privacy. |
| 1:45.2 | We deserve more when it comes to privacy. |
| 1:48.0 | Experience the next generation of blockchain that is private and inclusive by design. |
... |
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