Ark Adds Bitcoin Exposure Buying $8 Million Worth Of Grayscale Shares By Alex McShane Ark Invest purchased over 310,000 shares of the Grayscale Bitcoin Trust on Monday worth nearly $8 million, the company's filings show. Ark Invest, an asset management firm, purchased over 310,000 shares of Grayscale Bitcoin Trust on Monday for its ARK G Next Generation Internet ETF. This is not the first time the firm, led by CEO Cathie D. Wood, purchased Grayscale shares. The last time bitcoin price went under $30,000, Ark managed to buy 1,000,000 shares. Ark is recognized as having bet big on Tesla before its massive appreciation of 2020, making Cathie one of the most well recognized investors of the decade. Ark has added exposure to multiple bitcoin companies throughout the recent dip. Additionally, today is the day many have awaited for, as we will se her in "The Talk" with the Jack Dorsey and Elon Musk. |
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