Ark Invest Boosts Bitcoin Holdings by 997 BTC, $80M

On March 13, 2025, Ark Invest, led by Cathie Wood, significantly bolstered its Bitcoin holdings by purchasing 997 BTC, valued at $80 million. This acquisition was executed through two separate transactions on the crypto exchange Coinbase, with the first purchase consisting of 498 BTC and the second, completed four hours later, adding 499 BTC. This move is part of Ark Invest's broader strategy to maintain a substantial position in digital assets, reflecting the firm's confidence in Bitcoin's long-term potential.

This acquisition occurs during a period of heightened institutional activity in the cryptocurrency market. Many institutional investors hold significant positions in Bitcoin ETFs, and Ark Invest's decision to increase its Bitcoin holdings underscores its commitment to the digital asset sector despite recent price fluctuations. However, it is notable that Ark Invest has also sold approximately $9 million of its BTC ETFs, aligning with broader institutional selling trends. This selling pressure can be attributed to various factors, including a declining US stock market, inflation concerns, and uncertainties in trade policies.

In addition to its Bitcoin acquisition, Ark Invest has also increased its holdings in Coinbase stock. The firm purchased 64,358 shares of Coinbase, valued at approximately $11.53 million, marking its largest investment in Coinbase stock since August 2024. This strategic shift in investment approach suggests that Ark Invest is focusing on expanding its presence in the digital asset sector, both through direct Bitcoin holdings and investments in related companies.

Despite the recent institutional interest, Bitcoin's price has faced bearish pressure, struggling to break the $83,700 resistance level. The asset's strength has been impacted by trade war concerns, leading to a potential decline towards the $75,000 support level if selling pressure continues. However, long-term investors remain optimistic about Bitcoin's prospects, with Cathie Wood previously forecasting a potential increase in BTC price to $1 million per coin by 2030. This optimism, coupled with Ark Invest's strategic acquisitions, underscores the firm's long-term vision for the digital asset sector.