Cathie Wood’s Ark Invest Sinks Another $10.8 Million Into Grayscale’s Bitcoin Trust

Ark Invest has now bought another $10.8 million worth of shares in Grayscale’s Bitcoin Trust. The investment firm bought another 2.14 million shares in the Grayscale Bitcoin Trust, bringing its total shares in the trust to a little over 7 million shares. The firm had been steadily increasing its stake in the Bitcoin trust which currently holds over 600,000 bitcoins, translating to roughly 3.1% of the crypto’s total supply. Related Reading | Bitcoin Crashes Below $30,000, Bear Market Or Bullish Setup? Bitcoin continues to struggle with recovery after the digital asset had plunged past $30,000 in July 2020. The digital asset has so far made a recovery past the $30,000 mark, but the price continues to show suffer from its all-time high in April. Despite this, institutions continue to show more faith in the market even as the price continues to suffer dips. Ark Invest And Crypto Ark Invest which has CEO Cathie Wood at the head has always been at the forefront of crypto investing. The investment firm was among the first to rush to invest in Coinbase when the cryptocurrency exchange had first gone public earlier in the year, listing on the Nasdaq. BTC price posts recovery as price trades above $31,000 | Source: BTCUSD on TradingView.com Back in February, Cathie Wood revealed to Yahoo! Finance that she believed the digital asset could shoot up to as high as $400,000. Wood had stated that the crypto space wo...