Ark Invest bought bitcoin for another $12 million during the depreciation – Bits Media

Another company reported buying bitcoin when the rate falls below $30 000. Investment firm Ark Invest bought 450 000 Grayscale Bitcoin Trust Shares (GBTC) by $25 per share.

In this way, total investment amounted to about $12 million. This is not the first investment of the company in bitcoin upon reaching $ 30,000. Last time the volume of purchases was even higher - 1 million shares. In general, Ark Invest manages assets on $52 billion

Led by Katie Wood (Cathie Wood) Ark Invest is constantly increasing the share of cryptocurrencies and companies, working in this field. So, in the middle of April, When Coinbase's cryptocurrency exchange entered the NASDAQ stock exchange., exchange-traded funds ARK Invest bought
Coinbase shares on $246 million. And the total position on these shares reaches $900 million.

A similar step was taken
and Alameda Research, specializing in quantitative trading. But in this case, the volume of purchases remained unknown..

Catherine Wood can be called Bitcoin maximalist. She is sure, what, despite market volatility, bitcoin rate will eventually reach $500 000. And various obstacles will only strengthen BTC on the way to new records.