Cathie Wood’s Ark Invest just made a major move in the crypto world, snapping up nearly 1,000 Bitcoins!
A $80 Million Bitcoin Buy
On March 13th, 2025, Ark Invest purchased a whopping 997 Bitcoins through Coinbase in two separate transactions. The total cost? Around $80 million! This was done while Bitcoin’s price was slightly down, trading at about $82,234. This shows Ark Invest isn’t afraid of a little market dip.
More Than Just Bitcoin
Ark Invest wasn’t just buying Bitcoin. They also boosted their Coinbase holdings by over 64,000 shares, worth roughly $11.5 million. This is their biggest Coinbase investment since August of the previous year, making Coinbase their third-largest holding, accounting for over 7% of their fund. This shows continued confidence in Coinbase’s future, despite recent regulatory headwinds.
Cathie Wood’s Long-Term Crypto Vision
This isn’t a surprise move from Ark Invest. They’ve consistently shown faith in Bitcoin and the broader crypto market. Cathie Wood has repeatedly expressed her bullish outlook on Bitcoin, predicting it will reach new all-time highs due to its scarcity and growing adoption. This significant investment, even during a period of price volatility, underlines their long-term belief in Bitcoin’s potential.
What Does This Mean for Bitcoin?
Ark Invest’s actions are closely watched by the market. Large institutional purchases like this often influence overall market sentiment. This move is seen by some as a vote of confidence in Bitcoin’s future value, even amidst recent price fluctuations.
