Ark 21Shares & MicroStrategy’s Bitcoin Holdings Surpass $10 Bln

Rupam Roy
February 10, 2024
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Bitcoin Ark 21Shares Microstrategy

Highlights

  • Ark 21Shares and MicroStrategy's Bitcoin holdings exceed $10 billion amid a crypto market surge.
  • Ark 21Shares celebrates $1 billion in Bitcoin holdings, reflecting growing confidence in digital assets.
  • MicroStrategy's Bitcoin holdings soar to $9 billion, marking a 50% increase.

The digital asset investment space is abuzz with excitement as Ark 21Shares and MicroStrategy showcase remarkable growth in their Bitcoin holdings, collectively surpassing the $10 billion mark. These significant milestones underscore the escalating trust and interest in cryptocurrencies among investors, amidst a backdrop of a rallying Bitcoin price and evolving market dynamics.

Advertisement
Advertisement

Ark 21Shares & MicroStrategy’s Bitcoin Holdings Crosses $10 Bln

Ark 21Shares (ARKB), a leading Spot Bitcoin ETF issuer, proudly announced crossing the $1 billion mark in Bitcoin holdings, reflecting a burgeoning confidence in digital assets. With a total of 21,455 BTC and an asset under management (AUM) of $1.02 billion, Ark 21Shares continues to redefine financial horizons, leveraging the growing interest in cryptocurrencies.

Meanwhile, in their recent post, Ark 21Shares also highlighted their increasing confidence in digital assets, especially towards Bitcoin. Notably, the 5-day average trading volume stands impressively at $81.77 billion, with a narrow 5-day average spread of 0.0035%, signaling robust market activity and investor engagement.

On the other hand, MicroStrategy, a prominent player in the cryptocurrency space, has seen its Bitcoin holdings soar to an impressive $9 billion, marking a staggering 50% increase. This remarkable growth further solidifies MicroStrategy’s position as a key institutional investor in Bitcoin, highlighting the growing mainstream acceptance and adoption of cryptocurrencies.

Meanwhile, these updates come amid a time when Bitcoin is witnessing a significant rally, and continuing its momentum towards the $48,000 mark. As Bitcoin continues its upward trajectory, MicroStrategy’s significant holdings underscore its bullish outlook on the digital asset and its long-term investment strategy.

Also Read: Avalanche (AVAX) Price Shoots 10 %Toppling Dogecoin For the Ninth Spot, $50 Coming?

Ark 21Shares Bitcoin Holding Update
Source: 21Shares US, X
Advertisement
Advertisement

Bitcoin Price & Market Sentiment

Amidst the bullish sentiment, Ark 21Shares’ stock (ARKA) closed at $46.88, marking a notable 4.37% increase over the last 24 hours on February 9. These developments come at a pivotal time for the cryptocurrency market, with Bitcoin witnessing a significant rally post the ETF trading phase, drawing parallels to the anticipated pre-halving rally.

Analysts speculate that these milestones and the positive market sentiment could further fuel Bitcoin’s price rally, paving the way for increased institutional and retail participation in the cryptocurrency space.

Meanwhile, as of writing, the Bitcoin price traded at $47,371.41, up 2.51% over the last 24 hours. Its trading volume also soared significantly by 28.79% to $35.37 billion. Notably, over the last 24 hours, Bitcoin has touched a high of $48,152.49 and a low of $46,187.13.

Also Read: Bitcoin ETF Records Second-Largest Net Inflow of $542 Million

Advertisement
coingape google news coingape google news
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.

Why Trust CoinGape

CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.

About Author
About Author
Rupam is a seasoned professional with three years of experience in the financial market, where he has developed a reputation as a meticulous research analyst and insightful journalist. He thrives on exploring the dynamic nuances of the financial landscape. Currently serving as a sub-editor at Coingape, Rupam's expertise extends beyond conventional boundaries. His role involves breaking stories, analyzing AI-related developments, providing real-time updates on the crypto market, and presenting insightful economic news. Rupam's career is characterized by a deep passion for unraveling the complexities of finance and delivering impactful stories that resonate with a diverse audience.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.