Nothing keeps the Bitcoin bargain hunters down as ARKInvest buys up Coinbase, GBTC shares.
come under the spotlightCoinbase is meanwhile another target for ARK. Since the start of November, the firm has added 1.3 million COIN shares, taking its total stake to 8.374 million — near all-time highs.ARK Invest COIN holdings chart . Source: Cathie's Ark, ARK acknowledged the potential implications for DCG company Genesis Trading, and warned that other “counterparty” entities may be next.
“That said, our conviction in decentralized and transparent public blockchains is as strong as ever,” it nonetheless added. “In this case and others, decentralization and transparency are paramount as antidotes to the gross mismanagement associated with centralized intermediaries, not to mention fraudulent centralized intermediaries.”Bitcoin price action meanwhile continues to decline, two weeks after problems at FTX spiraled out of control.
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