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31 July 2021

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

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


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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.

Bitcoin continues to struggle with recovery after the digital asset had plunged past $30,000 in July 2020.

At the price crash below $30,000 a month ago, Ark Invest had purchased $29 million worth of shares in Grayscale’s Bitcoin Trust.

Every time the digital asset’s price dipped below $30,000, Ark Invest doubled down on its investment in the Grayscale Bitcoin Trust

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