As Bitcoin price surges, ArkInvest invests $32.7 million in Robinhood
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Reported by Bijie Network: Ark Invest spent $32.7 million to acquire shares of a certain exchange, indicating its bet that retail participation in cryptocurrencies will rise again—a trend that has historically signaled a massive influx of on-chain activity. This anticipated capital inflow may lead to congestion on the Bitcoin network, prompting funds to shift toward scalability solutions. Bitcoin Hyper ($HYPER) combines the Solana virtual machine with Bitcoin L2 underlying technology, aiming to address this issue with sub-second transactions and extremely low costs. Its presale has already raised over $32 million.
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