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$52 Billion Asset Management Firm Buys Bitcoin After $BTC Price Drops Below $30,000

Cathie Wood’s asset management firm Ark Invest, which has over $52 billion of assets under management, has purchased 310,000 shares of the Grayscale Bitcoin Trust (GBTC) for its ARK Next Generation Internet ETF (ARKW) at $25 per share. According to Grayscale’s website, each share of GBTC is redeemable for 0.000939767 BTC, making the purchase worth […]