Ark Invest sold 139,506 GBTC shares on Monday, worth $3.8 million. Ark also bought 113,326 shares of Block, Inc. worth $5.6 million.
Cathie Wood’s Ark Invest sold another tranche of Grayscale Bitcoin Trust on Monday, offloading 139,506 GBTC shares from its ARK Next Generation Internet fund .
GBTC currently trades at $26.95 in pre-market trading, up more than 30% over the past month, according to TradingView. GBTC’s discount to net asset value — meaning how much lower the market price of each share is than the value of the bitcoin it represents — is trading below 15% for the first time since December 2021, according to The Block’s data dashboard.
Jack Dorsey’s Block, Inc. reported a 22% rise in bitcoin gross profit for Q3 last week, bringing in $45 million compared to $37 million during the same period in 2022. The growth was attributed to a rise in the average market price of bitcoin and an uptick in the volume of bitcoin sold to customers via its Cash App mobile payment service, according to the company’s shareholder letter. Block, Inc. currently trades at $49.23 in pre-market trading, according to TradingView.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Ark: Survival Ascended’s Release Date Is Great News For Ark 2Ark 2 has had a rough history of delays, but things may finally be looking up thanks to the concrete leap made by Ark: Survival Ascended.
Read more »
Cathie Wood has a blunt warning about Tesla’s stock over the coming monthsArk Invest's Tesla holding has been steadily falling.
Read more »
First Mover Americas: FTX Wants to Sell Its GBTCLyllah Ledesma is a CoinDesk Markets reporter currently based in Europe. She holds bitcoin, ether and small amounts of other crypto assets.
Read more »
Ark: Survival Ascended Gets Xbox Release Date, PS5 Version DelayedArk: Survival Ascended is still 'on track' to release for Xbox and PS5 in November.
Read more »
Ollie Watkins and Josh Denzel Invest in Sneaker Reseller The Edit LdnIn addition, the platform on Tuesday will launch a sneaker wall at Avirex’s Berwick Street store in Soho, London.
Read more »
The best cashmere loungewear to invest in for winterNaomi Gordon is news writer mainly covering entertainment news with a focus on celebrity interviews and television.
Read more »