Ark Invest purchased 105,108 SpaceX shares for approximately $12.2 million on Tuesday, distributed across the ARKK, ARKQ, ARKW and ARKX ETFs. To finance this operation, the manager sold approximately $4 million in Robinhood shares, $2.3 million in Block and $1.6 million in Bullish. These sales do not reflect a withdrawal from the crypto sector since Ark also acquired $289,000 in Bitmine shares and nearly $33,000 in 3iQ Solana Staking ETF units. SpaceX has lost 29% over the past thirty days, giving Ark an attractive entry point in Elon Musk’s company. Cathie Wood maintains her central scenario of $750,000 per bitcoin within five years, with BTC trading around $63,200.
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