Recent reports reveal that Ark Invest has acquired 997 Bitcoin (BTC) through two distinct transactions. The asset management company, under the leadership of Cathie Wood, conducted these purchases on March 13, 2025, via Coinbase. The total estimated value of this acquisition is around $80 million.
Ark Invest Completes Two Bitcoin Purchases
According to data from Arkham Intelligence, the firm first purchased 498 BTC, followed by an additional 499 BTC. These transactions took place during a period of slight price fluctuations for Bitcoin. As of March 14, 2025, Bitcoin’s price was set at $82,234, representing a decline of 1.40%.
Analysts point out that despite recent volatility in Bitcoin’s price, Ark Invest’s buying activity indicates a strong belief in a potential price increase. Historically, the firm has successfully capitalized on downturns by making significant acquisitions when the market is under duress, leading some experts to speculate that this latest purchase reflects ARK’s anticipation of BTC appreciating in the months ahead.
ARK INVEST RECEIVED $80M OF $BTC FROM COINBASE TODAY
ARK INVEST IS BUYING BITCOIN pic.twitter.com/FmpyoNa15A
— Arkham (@arkham) March 13, 2025
Ark Invest Boosts Holdings in Coinbase
In addition to its Bitcoin purchases, Ark Invest has also expanded its stake in Coinbase, acquiring over 64,000 shares valued at approximately $11.50 million. This represents the firm’s largest investment in Coinbase since August of the previous year. Current reports suggest that Coinbase now constitutes over 7% of Ark’s fund, ranking as its third-largest holding.
Coinbase has been integral to Ark’s investment approach for several years. The firm has consistently increased its shareholding in the exchange, affirming its belief in the platform’s growth alongside rising cryptocurrency adoption. Although Coinbase’s stock has faced regulatory scrutiny, Ark’s recent investment indicates a belief in its long-term potential.
Cathie Wood Remains Optimistic About Cryptocurrency
Market analysts note that Ark Invest has consistently expressed confidence in Bitcoin and the broader cryptocurrency sector. Despite fluctuations in the market, the firm has actively invested in digital assets. Reports indicate that Wood maintains her view of Bitcoin as a significant financial asset with considerable growth potential in the future.
Wood has previously commented that Bitcoin could reach new all-time highs as its popularity increases and supply remains limited. The firm’s willingness to invest heavily in Bitcoin, even during market declines, underscores its commitment to long-term growth opportunities.
Implications for the Market
Market followers are closely observing Ark Invest’s activities. Institutional investments in Bitcoin typically influence overall market sentiment. Some analysts believe that Bitcoin retains its value despite recent price volatility.
Featured image from Gemini Imagen, chart from TradingView
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