🌟 Marathon Digital's Bitcoin Hoarding and Ark Fund's Bold US Stock Investment! 🚀
💼 Marathon Digital, as one of the world's largest Bitcoin mining giants. The 2,282 bitcoins they hoarded in July were worth $124 million, which was not only a huge investment, but also a powerful display of market confidence. As of August 6, Marathon Digital's Bitcoin holdings have reached 20,818, with a total value of approximately $1.14 billion.
🛒 At the same time, Wood Sister's Ark Fund is not to be outdone, and has recently bought a large number of Coinbase and Robinhood shares. On Coinbase, ARK Fund spent $17.8 million to buy Coinbase (COIN) shares, the first purchase since June 6, 2023. From $58 per share at the time to the current share price of 195 yuan per share, Coinbase's stock price has soared 230% in the past year or so, which is also tripled!
📈 At the same time, ARK Fund also bought $11.2 million worth of Robinhood (HOOD) shares. As a cryptocurrency-friendly exchange, Robinhood also provides 24-hour US stock trading. Although Robinhood suspended US stock trading for 8 hours during the sharp market fluctuations the day before yesterday, which disappointed users! But it is worth affirming that Robinhood is still an innovation-oriented company.
🔑 These actions of ARK Fund are not only a recognition of the performance of Coinbase and Robinhood, but also an affirmation of the booming development of the entire cryptocurrency market. At the same time, Marathon Digital's hoarding behavior and Ark Fund's stock investment may indicate the market's re-evaluation and revaluation of cryptocurrency-related assets.
💬 What do you think of these actions of Marathon Digital and Ark Fund? Will they affect your investment strategy in the cryptocurrency market? In terms of cryptocurrency investment, do you prefer long-term holding or short-term trading?
