- Ark Invest has bought 997.73 BTC worth $80.1M today
- This was done through two transactions via Coinbase
- The first 498 BTC, and the second 499 BTC
Ark Invest has bought 997.73 BTC worth $80.1M via Coinbase today with the first transaction of 498 BTC and the second of 499 BTC. This is an ongoing Bitcoin accumulation strategy even amidst high market volatility as well as record BTC-ETF sales.
More about Ark Invest’s Purchases and the Role of Coinbase
Although the cryptocurrency market is extremely volatile right now, like the rest of the economy due to Donald Trump’s trade wars – many players are still sticking to their accumulation strategy and not losing relevant points.
This was shown by Ark Invest, which bought 997.73 BTC via two transactions of 498 BTC and a second 499 BTC via Coinbase. This purchase is probably intended for the long term, just like the investment in Coinbase.
ARK also increased its stake in shares of Coinbase (COIN) by purchasing 64,358 shares worth approximately $11.53 million, and this represents ARK’s third largest position in ARKK’s portfolio, accounting for ~7%.
Conclusion
The big players behave cautiously, especially given the volumes they work with. But at the same time, most of them have a long-term strategy and try to be consistent in it, even in times of great political and economic uncertainty.
It is worth keeping an eye on the overall sentiment of these players, as they have a significant impact on the market through their purchases. Stay tuned for updates and be aware of the rapidly evolving financial and crypto landscape.
The information provided in this article is for informational and educational purposes only and does not constitute financial, investment, or trading advice. Any actions you take based on the information provided are solely at your own risk. We are not responsible for any financial losses, damages, or consequences resulting from your use of this content. Always conduct your own research and consult a qualified financial advisor before making any investment decisions. Read more
