ARK Invest Buys $80M in Bitcoin from Coinbase in a Single Day
- ARK Invest received nearly 998 BTC ($80M) in a single day.
- The largest transfer of 499.134 BTC ($40.37M) came from Coinbase.
- Bitcoin price continues to show volatility, dipping to $79K in the last 24 hours
While other institutions are selling, ARK Invest is buying. The firm purchased nearly $80 million worth of Bitcoin in multiple transactions on Wednesday, according to blockchain analytics platform Arkham Intelligence. The Bitcoin buys came via Coinbase.
The most significant recorded transfer was 499.134 BTC, worth $40.37 million. Shortly after, another 498.6 BTC, worth $41.07 million, followed. This accumulation reinforces ARK’s commitment to Bitcoin investment through its ARKB 21Shares ETF.
In addition to Bitcoin purchases, ARK Invest increased its stake in Coinbase (COIN) stock. The firm acquired 64,358 shares valued at approximately $11.53 million. This marks its largest Coinbase investment since August 2024.
ARK Bucks the Trend: Institutional Outflows Continue
Institutional investors have been crucial in Bitcoin’s market dynamics. But while ARK Invest has been accumulating …
The post ARK Invest Buys $80M in Bitcoin from Coinbase in a Single Day appeared first on Coin Edition.
Read More
Mathematically Predicting The Bitcoin & MSTR All Time Highs
ARK Invest Buys $80M in Bitcoin from Coinbase in a Single Day
- ARK Invest received nearly 998 BTC ($80M) in a single day.
- The largest transfer of 499.134 BTC ($40.37M) came from Coinbase.
- Bitcoin price continues to show volatility, dipping to $79K in the last 24 hours
While other institutions are selling, ARK Invest is buying. The firm purchased nearly $80 million worth of Bitcoin in multiple transactions on Wednesday, according to blockchain analytics platform Arkham Intelligence. The Bitcoin buys came via Coinbase.
The most significant recorded transfer was 499.134 BTC, worth $40.37 million. Shortly after, another 498.6 BTC, worth $41.07 million, followed. This accumulation reinforces ARK’s commitment to Bitcoin investment through its ARKB 21Shares ETF.
In addition to Bitcoin purchases, ARK Invest increased its stake in Coinbase (COIN) stock. The firm acquired 64,358 shares valued at approximately $11.53 million. This marks its largest Coinbase investment since August 2024.
ARK Bucks the Trend: Institutional Outflows Continue
Institutional investors have been crucial in Bitcoin’s market dynamics. But while ARK Invest has been accumulating …
The post ARK Invest Buys $80M in Bitcoin from Coinbase in a Single Day appeared first on Coin Edition.
Read More