[ARK Invest: Bitcoin 'Conviction Buyers' Holdings Surge 69% in Q1, Reaching Highest Level Since 2020] According to a Cointelegraph report, ARK Invest's data shows that despite a 22% drop in Bitcoin's price during the first quarter, the holdings of 'Conviction Buyers' increased from 2.13 million to 3.6 million BTC, a growth of 69%, marking the highest level since 2020.