BTC Price Index and Live Chart – CoinDesk”>(BTC) neared $43,000.

A recent disclosure by ARK shows the ARK Next Generation Internet Fund (ARKW), which is a fund that invests in next generation internet technology, sold 809 441 shares of GBTC at a cost of approximately $28 Million.

The investment firm now has 3.4 million GBTC ( $117.4 millions) shares, down from a peak of 9 million shares around July 2021.

ARKW purchased the GBTC shares for an average of $24.08, resulting in a profit as GBTC currently trades at $34.54.

According to CoinDesk Indicies data Bitcoin is currently above $42,900 and has increased 17% in the past 30 days.

ARK has also purchased $26 million in shares of Block (SQ), Jack Dorsey’s fintech firm formerly known as Square. launched a self-custody Bitcoin wallet earlier this month. Block accepts crypto payments through its Cash App. SQ shares ended Monday at $73.88. This is a 0.44% decline on the day.

UPDATE (19.12.10:17 UTC). Adds Block share purchase in the last paragraph.

Parikshit Miishra is the editor.