Ark Invest, the asset management firm led by Cathie Wood, has made headlines by adding 997 Bitcoin (BTC) to its holdings, worth around $80 million. The firm made the purchases on March 13, 2025, through Coinbase, buying in two separate transactions.
Ark Invest’s Bitcoin Purchases
According to Arkham Intelligence, Ark Invest first bought 498 BTC, followed by 499 BTC in a second transaction. This came at a time when Bitcoin’s price was fluctuating slightly. On March 14, 2025, Bitcoin was priced at $82,234, down by 1.4% in the last 24 hours.
Despite Bitcoin’s recent price volatility, Ark Invest’s decision to buy more BTC shows they have confidence in the cryptocurrency’s potential for a price rebound. Ark has a history of buying Bitcoin during market dips, and this latest purchase could signal they expect the value to rise in the coming months.
Increasing Its Position in Coinbase
In addition to Bitcoin, Ark Invest also increased its position in Coinbase, purchasing over 64,000 shares worth about $11.5 million. This is Ark’s largest Coinbase purchase since August last year. Coinbase now makes up more than 7% of Ark’s portfolio, becoming its third-largest holding.
Even though Coinbase’s stock has faced challenges due to regulatory issues, Ark continues to invest in it, signaling a belief in the platform’s long-term growth as cryptocurrency adoption increases.
Cathie Wood’s Continued Optimism on Crypto
Cathie Wood has consistently shown a bullish stance on cryptocurrency, particularly Bitcoin. Despite market ups and downs, Ark Invest remains committed to digital assets. Wood has previously mentioned that she believes Bitcoin could hit new all-time highs due to its growing popularity and limited supply.
Ark Invest’s willingness to invest large sums into Bitcoin, even when the market is down, indicates the firm is focused on long-term growth, trusting that the asset’s value will appreciate over time.
Why This Matters for the Market
The recent purchases by Ark Invest have caught the attention of market watchers. Institutional investments, like those made by Ark, can impact market sentiment, signaling to other investors that Bitcoin may still have long-term value, despite recent fluctuations in its price.
This isn’t the first time Ark has made a significant move in Bitcoin. In fact, the firm has previously bought large amounts of BTC during market downturns, reflecting its long-term strategy of buying when the price is low and holding for future gains.
In conclusion, Ark Invest’s latest moves show continued faith in Bitcoin and cryptocurrency as a whole. Despite the ups and downs in the market, Cathie Wood and her team are positioning themselves for the future, betting on the long-term growth of digital assets.
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