Cathie Wood Just Loaded Up on This High-Flying Crypto Stock. Should You Follow Her Lead?
Bitmine Immersion Technologies has soared over 400% since unveiling its Ethereum treasury strategy.
Cathie Wood is one of Wall Street’s most closely followed investment managers. Wood founded Ark Investment Management in 2014 with a focus on disruptive innovation, and has endeared herself to investors with her transparent, social-media-friendly approach to portfolio management.
A longtime crypto bull, Wood recently started a position in Bitmine Immersion Technologies (BMNR -4.67%). Ark’s ETFs purchased 4.4 million shares on July 21. Bitmine chugged 2% higher the following day, but that’s a drop in the bucket compared to the stock’s 435% gain since it debuted on the public markets in June. Is now the time…
