ARK Invest Increases Bitcoin Holdings by $130.2 Million ๐๐ฐ
ARK Invest, led by Cathie Wood, has made a major move by purchasing $130.2 million worth of Bitcoin. This significant investment is in line with ARK Investโs strategy to focus on disruptive technologies, including cryptocurrencies.
Market Impact:
Following the purchase, Bitcoin's price surged by 3.85%, rising from $65,000 to $67,500 within the first hour.
The immediate price increase reflects the market's response to large institutional investments.
Previous Strategic Moves:
This acquisition follows ARK Investโs March 2025 purchase of 997 BTC, valued at $80 million, highlighting its ongoing commitment to Bitcoin as a transformative financial asset.
ARK Investโs continued bet on Bitcoin signals growing confidence in the cryptocurrency sector and its potential to reshape the global financial landscape.
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