🌋 Ark Invest Locks in Profit

postedΒ  19 Dec 2023
Photo - Ark Invest Locks in Profit
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

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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