Cathie Wood’s ARK Invest Accidentally Owns $15,000 Bitcoin Puppet

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Cathie Wood’s ARK Invest Accidentally Owns $15,000 Bitcoin Puppet
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Cathie Wood has been one of the biggest proponents of Bitcoin. Interestingly, the investor’s financial company accidentally owns a Bitcoin Puppet.

Arkham’s latest update revealed a fascinating twist involving the investment management firm’s inadvertent ownership of a Bitcoin Puppet valued at $15,000. The Bitcoin Puppet in question found its way into a custody wallet associated with their ARKB ETF, sparking curiosity about its origins.On February 5th, a Quantum Cat was minted by wallet bc1pcw, inadvertently using the Puppet’s inscribed satoshis as payment.

The Puppet then passed through several wallets associated with Wintermute, Coinbase, and Flow Traders before ending up in ARK Invest’s custody wallet.In the past year, Bitcoin Ordinals have surged in popularity within the digital collectible space, even capturing the interest of financial powerhouse Franklin Templeton.

This trend reflected a growing recognition of Bitcoin’s versatility beyond its conventional function as a digital currency.The co,pamy said that the decision was part of “ongoing efforts to streamline product offerings on the Binance NFT Marketplace.

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