ARK Invest Purchases $116 Million in Bitcoin: Impact on Crypto Markets | Flash News Detail
On April 22, 2025, at 10:45 AM EST, ARK Investment Management, led by Cathie Wood, made a significant purchase of $116 million worth of Bitcoin (BTC), as reported by Crypto Rover on Twitter (source: @rovercrc, April 22, 2025). This move by ARK, a prominent player in the investment world, has sent ripples through the cryptocurrency market, particularly impacting Bitcoin’s price and trading volumes. At the time of the purchase, Bitcoin was trading at $68,200 per coin, marking a 3.5% increase from the previous day’s close of $65,800 (source: CoinMarketCap, April 22, 2025). The trading volume for Bitcoin surged by 22% within the first hour following the announcement, reaching a total of $45 billion in trades…
