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Cathie Wood reveals her investments in Bitcoin

Market and Events: Cathie Wood reveals her investments in Bitcoin

The CEO of #ARK Invest, Cathie Wood, allocates about 25% of her financial capital to bitcoin, as revealed in an interview with Schwab Network. Wood, the company's founder, emphasized that her investment strategy revolves around anything related to cryptocurrencies.

Wood attributed her ability to pursue a bold investment policy to the extensive research conducted by her company, which she characterized as "in-depth." She also clarified that, not counting ARK and real estate, her net financial equity in bitcoin is at least 25%.

According to The Street, Wood's fortune is estimated to be around $140 million as of September 2023. However, other media outlets have cited figures between $250 million and $300 million.

At the same time, the richest man in the world #Elon Musk with a fortune of $217 billion admitted in a conversation with Wood that he owns a significant amount of #Dogecoin. However, Musk clarified that bitcoins are on the balance sheet of the private company he founded, #SpaceX, in which he owns a 54% stake. The billionaire emphasized that he is not too hung up on the first cryptocurrency.

In addition, Musk-founded #Tesla invested $1.5 billion in Bitcoin in February 2021. The company later sold most of its position, making a profit of $936 million.

It's worth noting that private company #MicroStrategy owns the most #bitcoins among private companies. As of the end of December, the company's reserves totaled 189,150 BTC, which is equivalent to approximately $8.95 billion.

#Cathie Wood's significant investment in bitcoin and Elon Musk's involvement in cryptocurrencies demonstrate the growing importance of digital assets in the financial world.

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