Ark Invest Adds $80M in Bitcoin
Ark Invest Expands Bitcoin Holdings
Cathie Wood's Ark Invest significantly increased its Bitcoin holdings on March 13, 2025, acquiring 997 BTC worth approximately $80 million via Coinbase. This purchase, executed in two transactions (498 BTC and 499 BTC), underscores the firm's ongoing commitment to digital assets.
Strategic Bitcoin Investment
Arkham Intelligence data confirms the Coinbase transactions. The move reflects Ark Invest's belief in Bitcoin's long-term potential, even amid market volatility. This strategy aligns with other institutional investors who maintain substantial Bitcoin positions, including those invested in Bitcoin ETFs. While Ark Invest recently sold roughly $9 million in BTC ETFs – a trend mirroring a broader institutional sell-off of $1.1 billion in spot Bitcoin ETFs potentially due to market uncertainties – their direct purchase of Bitcoin signals unwavering confidence.
Portfolio Rebalancing and Coinbase Investment
Beyond Bitcoin, Ark Invest also added 64,358 shares of Coinbase (COIN) stock, valued at around $11.53 million, marking its largest investment in Coinbase since August 2024. This simultaneous increase in both Bitcoin and Coinbase holdings suggests a strategic portfolio adjustment, viewed by analysts as part of a long-term digital asset strategy. Unlike previous adjustments, Ark Invest did not sell its spot Bitcoin ETF holdings.
Bitcoin Price and Market Sentiment
Recent Bitcoin price movements have been influenced by institutional buying and selling alongside broader market factors. Despite this volatility, Bitcoin remains a significant asset for long-term investors. Cathie Wood, a vocal Bitcoin proponent, maintains her forecast of a $1 million price per Bitcoin by 2030. However, current market conditions, including trade war impacts, are contributing to bearish sentiment; Bitcoin price recently traded around $79,000 before reaching $81,000, facing resistance at $83,700. Further selling pressure could potentially push the price toward the $75,000 support level.
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