Ark Invest bought $21.5 million of crypto company shares as bitcoin fell under $90,000
Ark Invest purchased $21.5 million worth of shares in a cryptocurrency company as Bitcoin's price dropped below $90,000. This investment reflects Ark's continued confidence in the crypto market despite recent volatility. The firm, led by Cathie Wood, has been known for its bullish stance on innovative technologies, including cryptocurrencies. The timing of the purchase suggests a strategic move to capitalize on lower asset prices. Ark Invest's actions may influence other investors' perceptions of the crypto market's potential.
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