The purchase was made through the ARK Cryptocurrency US Fund LLC, thanks to $20 million raised by 12 investors.
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ARK Invest
ARK Investment Management LLC is an investment management firm based in New York City that manages several actively managed exchange-traded funds. ARK Invest focuses solely on disruptive innovation and offers investment solutions to investors seeking long-term growth in the public markets. It was founded by Cathie Wood in 2014. As of February 2021, the company had $50 billion in assets under management.
In May 2021, Ark Invest revealed that it has purchased $19,872,939 worth in bitcoin through the ARK Cryptocurrency US Fund LLC.
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