Ark Invest acquired 997 BTC valued at $80 million from Coinbase on March 13, 2025, split into two transactions: 498 BTC followed by another 499 BTC.
This acquisition underscores Ark Invest’s confidence in Bitcoin, despite the ongoing bearish pressure on the cryptocurrency.
Ark Invest has also increased its stake in Coinbase, buying 64,358 shares worth about $11.53 million, its largest investment in the stock since August 2024.
Bitcoin Amidst Market Volatility: While Bitcoin has faced challenges, such as struggling to break past the $83,700 resistance level and the risk of further price declines to $75,000 due to factors like trade war concerns, institutional interest remains strong. Ark Invest’s latest purchase aligns with the broader trend of institutional investors maintaining their Bitcoin holdings, reflecting a long-term confidence in the cryptocurrency’s potential.
Despite the turbulent market conditions, Ark Invest’s actions demonstrate its commitment to the digital asset sector. The firm continues to navigate market fluctuations strategically, without exiting its Bitcoin positions, and is expanding its exposure by acquiring more Coinbase stock.
Cathie Wood’s positive outlook on Bitcoin remains unchanged, with her earlier projections suggesting the possibility of Bitcoin reaching $1 million per coin by 2030. This recent investment is another testament to her firm’s belief in Bitcoin as a critical component of its long-term strategy.
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