ARK Invest, led by CEO Cathie Wood, has bolstered its Bitcoin portfolio by acquiring 997 BTC (worth $80 million) via Coinbase on March 13, 2025. This strategic purchase aligns with the firm’s bullish stance on Bitcoin and digital assets, reinforcing its long-term commitment despite market volatility.
Ark Invest Acquires 997 BTC Through Coinbase
According to blockchain analytics, Ark Invest executed two transactions on Coinbase:
- 498 BTC in the initial purchase.
- 499 BTC four hours later.
This move highlights Ark Invest’s confidence in Bitcoin as institutional interest grows, particularly through Bitcoin ETFs. However, the firm also sold $9 million in BTC ETF shares** recently, mirroring broader market trends where **$1.1 billion exited spot Bitcoin ETFs. Factors like US stock market downturns and inflation concerns may have influenced these adjustments.
👉 Discover how institutional investors are shaping Bitcoin’s future
Ark Invest Rebalances Portfolio
Beyond Bitcoin, Ark Invest:
- Increased Coinbase (COIN) holdings by purchasing 64,358 shares (~$11.53 million)—its largest buy since August 2024.
- Retained spot Bitcoin ETF investments, signaling a strategic pivot toward long-term digital asset exposure.
Analysts interpret this rebalancing as a nuanced approach to capitalize on both Bitcoin’s growth potential and Coinbase’s market position.
Bitcoin Price Action Amid Institutional Activity
Bitcoin’s price recently fluctuated between $79,000–$83,700, facing resistance at higher levels. Key drivers include:
- Institutional accumulation.
- Macroeconomic uncertainties (e.g., trade wars).
Cathie Wood maintains her $1 million price target for Bitcoin by 2030**, but short-term bearish pressures could test the **$75,000 support level.
👉 Explore Bitcoin’s price predictions and market trends
FAQ Section
1. Why did Ark Invest buy more Bitcoin?
Ark Invest views Bitcoin as a long-term store of value and seeks to capitalize on its growth potential, despite short-term volatility.
2. What’s the significance of Ark Invest’s Coinbase stock purchase?
The investment reflects confidence in Coinbase’s role as a leading crypto exchange, complementing Ark’s Bitcoin strategy.
3. How do institutional sales impact Bitcoin ETFs?
Large outflows (e.g., $1.1 billion) may signal reduced short-term confidence, but long-term holders like Ark Invest remain committed.
4. What’s Cathie Wood’s Bitcoin price prediction?
Wood forecasts Bitcoin reaching $1 million by 2030, driven by institutional adoption and scarcity.
5. Could Bitcoin drop to $75,000?
Yes, if selling pressure persists due to macroeconomic factors, though strong institutional buying may cushion further declines.
Keywords: Bitcoin, Ark Invest, Cathie Wood, BTC ETF, Coinbase, Cryptocurrency, Institutional Investment, Bitcoin Price
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