Ark Invest CEO Cathie Wood remains bullish on cryptocurrencies, especially Ethereum.
summary
- global collaboration: Cathie Wood facilitated a meeting with Tom Lee and Francis B. Zhou in Tokyo to discuss the potential of Ethereum.
- Ark Invest support: Ark Invest holds $271 million in BitMine Immersion Technologies, the largest corporate holder of ETH.
- Bullish outlook for ETH: Wood remains bullish on Ethereum’s role in decentralized finance, supporting both Bitmine and Quantum Solutions.
On Tuesday, Wood moderated a meeting in Tokyo with Wall Street strategist Tom Lee and Quantum Solutions CEO Francis B. Zhou.
The move is aimed at fostering discussion about Ethereum’s potential, with both Li and Chou leading significant efforts focused on ETH. Wood’s endorsement of these numbers underscores her bullish stance on Ethereum and decentralized finance.
Wood’s Ark Invest is heavily invested in Lee’s ETH treasury company, Bitmine Immersion Technologies, holding 8.06 million shares worth $271.31 million across multiple Ark ETFs.
BitMine, the largest corporate holder of ETH, holds a whopping $11.9 billion in Ethereum. Additionally, Ark Invest backs Quantum Solutions, the largest ETH-focused treasury outside the US, holding 5,030 ETH worth $16.06 million.
Wood continues to advocate for Ethereum’s role in decentralized finance, and its ability to deliver yield positions ETH as a major player in the future of digital finance.
Innovation thrives when leaders share their ideas with the world. I would be happy if it could be a conversation starter! https://t.co/kyXfXrszJM
— Cathie Wood (@CathieDWood) December 3, 2025
However, Wood also lowered his bullish forecast for Bitcoin in 2030 from a target price of $1.5 million to $1.2 million.
In an interview with CNBC last month, Wood gave a new outlook on the price of benchmark digital assets. As stablecoins continue to grow rapidly and take over some of the roles of top cryptocurrencies in the market, Wood has revised his forecast downward, predicting that BTC prices will reach $1.2 million by 2030, down from his initial forecast of $1.5 million.
Assets such as Tether’s USDT and Circle’s USDC continue to enjoy wide adoption globally, and Wood points to increased adoption in emerging markets as key. That stablecoins will be used for payments and savings is a reversal of the previous theory that this is an area where BTC will play a key role.
Wood’s move to downgrade his BTC price forecast through 2030 comes against the backdrop of a notable decline in the “digital gold” asset. After hitting an all-time high of $126,000 in October, the cryptocurrency has languished below $92,000.
Ethereum, on the other hand, is currently trading at around $3,125.
read more: Coinbase stock price soars as Bitcoin price soars, Cathie Wood continues to buy
