Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
Cathie Wood-led Ark Investment Management on Monday bought 731,775 shares, estimated to be worth about $41.76 million, in Twitter Inc (NYSE:TWTR) — a day after The Bill and Melinda Gates Foundation Trust sold its entire stake in the social media company.
Shares of Twitter closed 4.81% higher at $57.06 on Monday. The stock has a 52-week high of $80.75 and a low of $28.23.
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The investment firm made the trades via two of its funds; the Ark Innovation ETF (NYSE:ARKK) and the ARK Next Generation Internet ETF (NYSE:ARKW).
The two ETFs together held over 10 million TWTR shares, worth about $549 million, as of Tuesday. No other Ark ETF holds shares of Twitter.
See also: How to Buy Twitter (TWTR) Stock
Twitter is steadily climbing up the Ark’s portfolio chart and is now ARKK's twenty-first largest investment among a total of 55 stocks and ARKW's fourth-largest investment among a total of 50 stocks.
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At the start of the month, it ranked as ARKK's thirty-fourth largest investment among a total of 58 stocks and ARKW's eighth-largest investment among a total of 53 stocks.
The investment firm also bought 130,400 shares, estimated to be worth $6.24 million, of the daily fantasy sports company DraftKings Inc (NASDAQ:DKNG) via the Ark Fintech Innovation ETF (NYSE:ARKF). The investment firm also holds shares of the company via ARKK.
DraftKings shares closed 7.24% higher at $47.86 on Monday and were further up 1.34% in extended hours.
The investment firm bought 2,453 shares, estimated to be worth about $1.23 million in video streaming company Netflix Inc (NASDAQ:NFLX) via its Ark Space Exploration & Innovation ETF (BATS:ARKX). The investment firm also holds shares of the company via ARKW.
Netflix shares closed 1% higher at $502.90 on Monday.
See Also: Cathie Wood Buys $26M Disney Shares And Sells $13M In Netflix: What You Need To Know
Some of the other key Ark Invest sells on included Guardant Health Inc (NASDAQ:GH), LendingTree Inc (NASDAQ:TREE), JD.com Inc (NASDAQ:JD), Pinduoduo Inc. (NASDAQ:PDD), and buys include Signify Health Inc (NYSE:SGFY) and 908 Devices Inc (NASDAQ:MASS).
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.