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  4. Multi-billion dollar asset management firm buys Bitcoin as price falls below $30k
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Multi-billion dollar asset management firm buys Bitcoin as price falls below $30k

Ark Invest has increased its Bitcoin stash by acquiring an additional 310,000 shares of Grayscale Bitcoin Trust (GBTC) as the flagship cryptocurrency dipped below $30,000 on...
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Multi-billion dollar asset management firm buys Bitcoin as price falls below $30k © Reuters Multi-billion dollar asset management firm buys Bitcoin as price falls below $30k

Ark Invest has increased its Bitcoin stash by acquiring an additional 310,000 shares of Grayscale Bitcoin Trust (GBTC) as the flagship cryptocurrency dipped below $30,000 on Tuesday.

The asset management firm with over $52 billion worth of assets under management purchased the shares for its ARK Generation Internet ETF (ARKW) at $25 per share.

Each share of GBTC can be retrieved for 0.000939767 BTC, bring the total investment to about $8 million.

As reported by BTC PEERS, Bitcoin fell below $30,000 on Tuesday after a month of trading sideways. The timing of the purchase was impeccable as the price of Bitcoin quickly recovered.

Ark Invest appears to be actively buying the dip. The last time a similar drop happened, the firm acquired 1 million GBTC shares for the ARKW ETF.

CEO of Ark Invest Cathie Wood has steered the company towards consistent exposure in the crypto industry by building alliances with Square, Coinbase, and Grayscale.

Since Ark Invest’s latest purchase of the BTC, the price of the digital asset has risen from about $29,500 to about $32,000. Meanwhile, Ark Invest isn’t the only firm that has been accumulating BTC lately. Several other institutional players are actively buying the cryptocurrency.

Continue reading on BTC Peers

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31-03-2024 10:19:50 (UTC+7)

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1.0793

+0.0006 (+0.06%)

Summary

Sell

Moving Avg:

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Sell (8)

Indicators:

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EUR/USD

1.0793

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USD/JPY

151.38

0.01 (0.00%)

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Buy (12)

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+0.0007 (+0.11%)

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1.3543

+0.0006 (+0.04%)

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163.37

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EUR/CHF

0.9738

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2,254.80

42.10 (1.90%)

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4.0115

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83.11

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86.99

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7,952.62

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16,541.42

0.00 (0.00%)

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11,074.60

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 EUR/JPY163.37↑ Sell
 EUR/CHF0.9738↑ Buy
 Gold2,254.80Buy
 Silver25.100↑ Buy
 Copper4.0115↑ Buy
 Crude Oil WTI83.11↑ Buy
 Brent Oil86.99Neutral
 Natural Gas1.752↑ Sell
 US Coffee C188.53↑ Sell
 Euro Stoxx 505,082.85↑ Sell
 S&P 5005,254.35↑ Sell
 DAX18,504.51↑ Buy
 FTSE 1007,952.62↑ Sell
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 IBEX 3511,074.60↑ Sell
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 Lufthansa7.281↑ Sell
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Mua/Bán 1 chỉ SJC
# So hôm qua # Chênh TG
SJC Eximbank7,910/ 8,080
(7,910/ 8,080) # 1,364
SJC HCM7,830/ 8,080
(0/ 0) # 1,364
SJC Hanoi7,830/ 8,082
(0/ 0) # 1,366
SJC Danang7,830/ 8,082
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SJC Nhatrang7,830/ 8,082
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SJC Cantho7,830/ 8,082
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Cập nhật 31-03-2024 10:19:52
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ↀ Giá vàng thế giới
$2,232.75-1.61-0.07%
Live 24 hour Gold Chart
ʘ Giá bán lẻ xăng dầu
Sản phẩmVùng 1Vùng 2
RON 95-V24.69025.180
RON 95-III24.28024.760
E5 RON 92-II23.21023.670
DO 0.05S21.01021.430
DO 0,001S-V21.64022.070
Dầu hỏa 2-K21.26021.680
ↂ Giá dầu thô thế giới
WTI$82.82+5.390.07%
Brent$86.82+5.180.06%
$ Tỷ giá Vietcombank
Ngoại tệMua vàoBán ra
USD24.600,0024.970,00
EUR26.020,0327.447,78
GBP30.490,4131.787,64
JPY158,93168,22
KRW15,9119,28
Cập nhật lúc 10:12:31 31/03/2024
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