Cathie Wood's ARK Invest Accidentally Owns a $15,000 Bitcoin Puppet

Cathie Wood has been one of the biggest proponents of bitcoin. Interestingly, the investor's financial company accidentally owns a bitcoin puppet.

Arkham's latest update revealed a fascinating twist involving the investment management firm's inadvertent ownership of a bitcoin puppet valued at $15,000. The bitcoin Puppet in question arrived in a custodial wallet associated with its ARKB ETF, sparking curiosity about its origins.

• The history of the puppettwitter.com/ArkhamIntel/status/1775552022408036415″ target=”_blank” rel=”noopener” data-wpel-link=”external”> traces of returnk until January 4, when it was enrolled by bc1psg and subsequently transferred through two related Ordinals wallets.
• On February 5, the bc1pcw wallet minted a Quantum Cat, inadvertently using the satoshis inscribed on the Puppet as payment.
• Puppet then went through several wallets associated with Wintermute, Coinbase, and Flow Traders before ending up in ARK Invest's custodial wallet.
• Additionally, ARK has received multiple Ordinals airdrops from the Puppet community.
• Last year, bitcoin Ordinals gained popularity within the digital collectible space, even catching the interest of financial powerhouse Franklin Templeton. The company recently twitter.com/FTI_DA/status/1775552645689749905″ target=”_blank” rel=”noopener” data-wpel-link=”external”>commented that ordinals are catalyzing a “renaissance” in bitcoin activity.
• bitcoin Puppets, along with other notable collections such as NodeMonkes, Runestone, Ordinal Maxi Biz, and Bitmap, have also begun to assert their dominance in the nft field.
• This trend reflected a growing recognition of bitcoin's versatility beyond its conventional role as a digital currency.
• Despite this uproar, cryptocurrency exchange giant Binance announced plans to close its bitcoin nft marketplace, which launched less than a year ago.
• The company said the decision was part of “ongoing efforts to optimize product offerings on the Binance nft Marketplace.”

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