Coinbase News: ARK Invest Aggressively Accumulates Bitcoin with $80M Buyout

ARK Invest, a prominent investment management firm, has made headlines once again with its latest aggressive move in the cryptocurrency market. The firm has acquired a significant amount of Bitcoin from Coinbase, further solidifying its position as a major player in the digital asset space.

ARK Invest Furthers Aggressive Bitcoin Accumulation with Latest $80M Buyout

ARK Invest, a leading investment management firm, has made a massive Bitcoin ($BTC) buyout. As per Arkham, ARK Invest has recently acquired up to $80M in $BTC from Coinbase as part of its continued aggressive Bitcoin accumulation. The crypto intelligence firm revealed this development on its official social media account. On-chain data points out a couple of big transactions into ARKB 21Shares, the Bitcoin ETF of ARK Invest. In this respect, total $80M in Bitcoin moved from Coinbase to ARK Invest’s ETF. This event reportedly denotes the continuation of ARK Invest’s Bitcoin accumulation strategy.

Vermont Drops Case Against Coinbase Over Staking Services

The US state of Vermont has dismissed its case against major crypto exchange Coinbase regarding staking services. Citing the regulatory shift in the country, Vermont’s decision was hailed by Coinbase’s Chief Legal Officer Paul Grewal, who took to Twitter to share the news. Grewal stated that Vermont has embraced progress and provided clarity for its citizens who own digital assets. Coinbase has always maintained that staking services are not securities.