According to a Benzinga article, ARK investment fund spearheaded by Cathie Wood has purchased 123,786 Twitter shares, paying a whopping $88.74 million for that.
Cathie Wood Loads Up $88M In Twitter After Jack Dorsey Highlights Bitcoin’s Role In Social Media Company’s Future $TWTR $BTChttps://t.co/dz8BkqbNwM
— Benzinga (@Benzinga) July 26, 2021
Wood decided to make this acquisition after The Twitter CEO Jack Dorsey announced during the B-Word conference with Elon Musk on Wednesday that Bitcoin is going to be an integral and a big part of Twitter’s future.
On Friday, July 23, Twitter shares closed at $71,69 after staging a 3.05 percent growth.
Earlier this year, in May, Cathie Wood’s ARK already invested over $1.3 million in Twitter shares. Woods was among the few participants of the B-Word on Wednesday, July 21, that occurred via Zoom.