Cathie Wood’s Ark Invest Expands Bitcoin Holdings With $80M Buy

ARK Invest below the management of Cathie Woods has added extra Bitcoin holdings by way of buying 997 BTC which is reportedly value $80 million. The buy was executed by way of two transactions on March 13, 2025, through the crypto trade Coinbase. This is according to the agency’s ongoing plan of holding a significant place in digital property because it expresses confidence in Bitcoin.

Ark Invest Acquires 997 BTC Through Coinbase

According to data from Arkham Intelligence, Ark Invest acquired 997 BTC value $80 million from Coinbase on March 13, 2025. The transaction was cut up into two components: the primary buy included 498 BTC, whereas the second, accomplished 4 hours later, added 499 BTC.

The acquisition happens at a time when Ark Invest is in search of to extend its Bet on Bitcoin. Currently, institutional buyers stay very lively holders of cryptocurrencies and a big quantity are invested in Bitcoin ETFs. The most up-to-date acquisition exhibits that the agency is prepared to stay within the digital asset sector whatever the worth swings.

However, aside from this newest BTC buy, Ark Investment has bought roughly $9 million of its BTC ETFs invested within the firm. This sentiment is according to different establishments promoting, as $1.1 billion exited spot Bitcoin ETF. The purpose for this may be attributed to a declining efficiency of the US inventory market, inflation considerations, and uncertainties in commerce insurance policies.

Ark Invest Rebalances Portfolio

In addition to buying Bitcoin, Ark Invest just lately increased its Coinbase (COIN) inventory holdings. The agency bought 64,358 shares of Coinbase, valued at roughly $11.53 million. This marks its largest funding in Coinbase inventory since August 2024.

Unlike earlier portfolio changes, Ark Invest didn’t promote its spot Bitcoin ETF holdings. The agency’s choice to retain Bitcoin whereas increasing its Coinbase inventory holdings suggests a strategic shift in its funding strategy. Analysts view this transfer as a part of Ark Invest’s long-term technique within the digital asset sector.

Bitcoin Price Action Amid Institutional Interest

In current weeks, Bitcoin worth shifted as a consequence of institutional shopping for and promoting along with different elements within the crypto market. Ironically, BTC has remained an important commodity for long-term buyers who maintain amassing.

More so, Cathie Wood remains a supporter of Bitcoin. Cathie beforehand forecasted a rise in BTC worth to $1 million per coin by 2030.

Nevertheless, Bitcoin’s power has diminished because of the buying and selling conflict affect, which makes the asset nonetheless bearish. Bitcoin worth traded within the $79,000 vary earlier than rising again to the $81,000 mark, however confronted resistance on the $83,700 degree. In case, the promoting stress continues, BTC price might additional decline in direction of the $75,000 Support degree.

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Ronny Mugendi

Ronny Mugendi is a seasoned crypto journalist with 4 years {of professional} expertise, having contributed considerably to varied media shops on cryptocurrency traits and applied sciences. With over 4000 revealed articles throughout varied media shops, he goals to tell, educate and introduce extra individuals to the Blockchain and DeFi world. Outside of his journalism profession, Ronny enjoys the fun of motorcycle driving, exploring new trails and landscapes.

Disclaimer: The introduced content material might embrace the private opinion of the writer and is topic to market situation. Do your market analysis earlier than investing in cryptocurrencies. The writer or the publication doesn’t maintain any duty in your private monetary loss.