🌋 Ark Invest Locks in Profit
posted 19 Dec 2023
Ark Invest continues its strategy of unloading Grayscale Bitcoin Trust
shares, with the latest sale amounting to $28 million in GBTC.
GBTC Price Source: Google
This move allows Ark Invest to capitalize on profits amidst a growing
market. At present, GBTC is trading at $34.54 (as reported at the time
of writing), while Ark Invest's average purchase price is approximately
$24.
Ark
Invest's remaining GBTC shares are now valued at only $117 million,
which is approximately three times less than in July 2021. Recently, we reported that the company has been actively selling Coinbase shares.
ARK
Invest is an asset management company renowned for its focus on
cutting-edge sectors like blockchain, cryptocurrencies, and other
technological innovations. At the helm is the dynamic and charismatic
CEO, Cathie Wood. For a comprehensive insight into her profile and
leadership, refer to our detailed article.
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