On Monday, a long-dormant bitcoin wallet, first activated on Aug. 4, 2011, made its move, sending 100 BTC—valued at $ 6.59 million—out into the world for the first time in over 13 years. While September saw some exciting transactions from 2009-era wallets, October has been relatively quiet when it comes to the reawakening of …
Michigan Retirement System Invests $6.59M in Ark Invest’s Bitcoin Fund
According to the latest U.S. Securities and Exchange Commission (SEC) 13-F filing from Ark Invest’s and 21shares’ ARKB fund, the State of Michigan Retirement System (SMRS) acquired approximately $ 6.59 million in ARKB shares. This news follows an announcement by Steven Fulop, the mayor of Jersey City, New Jersey, that the city’s pension fund …