“Accidentally” owning a Bitcoin puppet worth $15,000 is Cathie Wood’s ARK Invest, according to Arkham.
When it comes to Bitcoin, Cathie Wood has been a major advocate. Coincidentally, the investor’s financial firm happens to own a Bitcoin puppet.
The most recent patch for Arkham brought to light a curious development about the investment management firm’s accidental possession of a Bitcoin puppet worth $15,000. Their ARKB ETF’s custodial wallet became the destination of the Bitcoin Puppet in issue, leading many to wonder where it came from.
The puppet has been in circulation since January 4th, when bc1psg inscribed it and then it passed via two connected Ordinals wallets.
Wallet bc1pcw accidentally used the puppet’s engraved satoshis as payment while minting a Quantum Cat on February 5th.
Before arriving at the custody wallet of ARK Invest, the puppet made its way via many wallets linked to Wintermute, Coinbase, and Flow Traders.
Digital collectable Bitcoin Ordinals have been all the rage in the last year, attracting the attention of financial behemoth Franklin Templeton, among others. Ordinals are sparking a “renaissance” in Bitcoin activity, according to the company’s latest statement.
Some other major collections have already begun to claim supremacy in the NFT arena; they include Bitcoin Puppets, NodeMonkes, Runestone, Ordinal Maxi Biz, and Bitmap.
This shift mirrored the general public’s increasing awareness of Bitcoin’s many uses outside its traditional monetary function.
In spite of all this controversy, Binance, a major cryptocurrency exchange, has announced that it will be closing down its Bitcoin NFT marketplace. The marketplace just went live a year ago.
This move is a component of “ongoing efforts to simplify product offerings on the Binance NFT Marketplace,” according to the company.
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