ARK Invest Buys Bitcoin Dip, Acquiring $8.7 Million in Shares

Cathie Wood’s ARK Invest seized the opportunity to buy more Bitcoin during its recent market dip. The firm accumulated nearly 41,032 COIN shares, worth an estimated $8.7 million, as prices fell. This move comes alongside a sale of 98,060 shares from their own Bitcoin ETF (ARKB), worth around $8.6 million. ARK Invest’s strategy highlights the belief in long-term crypto investment during market downturns.