ARK Investment subsidiary ARK Cryptocurrency US Fund co-founded by Katie Wood has invested almost $ 20 million in bitcoin, according to a financial report from the US Securities and Exchange Commission (SEC).
Despite the fact that Bitcoin does not actually appear in the financial report, the publication AronBoss, citing ARK Investment Commercial Director Kellen Carter, claims that the cryptocurrency fund bought Bitcoin. According to Carter, 12 investors decided to invest in the cryptocurrency. At the same time, the minimum entry threshold was $ 1 million.The total investment in the cryptocurrency was $ 19.8 million.
However, despite the announcement of the amount in dollars, it remains unknown exactly when and how many bitcoins ARK Cryptocurrency US Fund bought. Also, the names of investors in the cryptocurrency remain unknown.
Meanwhile, Ark Investment Management continues to actively buy shares of the cryptocurrency exchange Coinbase (COIN). At the time of writing, the fund holds over 3 million COIN shares.
At current quotes, the value of such a volume of shares is almost $ 768 million. However, Tesla is still in first place. The fund owns 3.4 million TSLA shares worth $ 2.1 billion. Recall that the founder of ARK Investment Katie Wood still believes that the price of bitcoin could reach $ 500,000. At the same time, she noted that investors may face other significant falls rate of BTC, since today the market, in her opinion, is ruled by emotions.
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