Ark Investment Management has increased its support for Jack Dorsey’s social media platform. The purchase of substantial shares came only days after Twitter announced that it would allow BTC tips.
According to Benzinga’s report, Cathie Wood, Cathie Wood’s investment manger, purchased almost 124,000 Twitter shares on Friday. According to Benzinga, Cathie Wood’s investment manager purchased nearly 124,000 shares of Twitter on Friday. This amount is approximately $88.74million. This was after another large purchase in May when Twitter’s stock fell sharply. What’s more, the timing of this week’s accumulation is remarkable. The timing of Ark’s investment was remarkable. At the Bitcoin Conference in Miami, Dorsey stated that he would work with the BTC network and quit Square.
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