Ark Buys Nearly $20 Million in Bitcoin

Ark Investment Management purchased $19,872,939 in bitcoin, according to its filing with the Securities and Exchange Commission (SEC). The Ark Crypto Fund requires a minimum investment of $1 million and has raised nearly $20 million from 12 investors. Cathie Wood, CEO of Ark Investment Management, believes that bitcoin could rise after falling as much as 50 percent.

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