Ark Invest bought more than $500 million worth of SpaceX shares on IPO day
CoinDesk·
60-second summary
Ark Invest, a prominent cryptocurrency investor, bought over $500 million worth of SpaceX shares on its IPO day, with the funds likely coming from selling other positions. As a vocal bitcoin bull, ARK has a $1 million target for bitcoin by 2030, highlighting its long-term optimism for the cryptocurrency market and its willingness to take calculated risks.
The purchases were likely funded by selling other positions, data shows. ARK is also one of the loudest bitcoin bulls, with a million-dollar target for 2030.