ARK CEO Cathie Wood is keeping her faith in Bitcoin. After Tuesday’s harsh sell-off, Cathie bought the Bitcoin dip. Call her BTC.X’s BFF. ️
Ark Investment Management added 1,046,002 shares of the Grayscale Bitcoin Trust to the Ark Next Generation Internet ETF (ARKW). Now, the fund’s total GBTC holdings are ~8.5M shares, worth just under $239M. Cha-chiiiing.
Wood also bought shares of Coinbase. The Ark Innovation ETF (ARKK) added 214,718 $COIN shares. ARKK now holds 3.6M shares of Coinbase, worth over $801M.
Cathie Wood is a crypto believer, and she’s aiming for a price target of $500K.