ARK Investment Management has acquired approximately $3 million worth of shares in Grayscale Bitcoin Trust (GBTC).
The declines and bear trend in the crypto money market make institutional investors turn more. Appetite big companies continue to invest in Bitcoin and Bitcoin shares. Names known as maximalists see the declines as buying opportunities. Michael Saylor took a buying oriented approach in the chaos of each downturn. Another name, Cathie Woods, stated that her company’s interest in cryptocurrencies will increase. Finally, Cathie Woods’ company, ARK Investment, bought GBTC shares through Grayscale.
ARK Investment Continues Its Investments
ARK Investment Management, the company of famous investor Cathie Wood, continues to invest in Bitcoin at every opportunity.
Bitcoin, which has fallen with the latest FTX events, was seen as an opportunity for ARK Investment. Grayscale Bitcoin Trust came at a very interesting price after the drops. GBTC, which made a new historical bottom, whetted the appetite of the corporates.
ARK Investment announced that it has purchased 315,259 GBTC shares with an approximate value of $2.8 million.
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