On March 13, 2025, Ark Invest, led by Cathie Wood, significantly increased its Bitcoin holdings, purchasing 997 BTC for approximately $80 million through Coinbase. The firm executed two transactions, buying 498 BTC and then 499 BTC, amidst slight price fluctuations. As of March 14, 2025, Bitcoin traded at $82,234, a 1.40% decrease.
This move signals Ark Invest's confidence in Bitcoin's potential rebound, as they have previously capitalized on market dips. Additionally, Ark Invest increased its Coinbase position by over 64,000 shares, valued at around $11.50 million, marking their largest investment since August of the previous year. Coinbase now accounts for over 7% of the Ark fund, becoming its third-largest holding.
Analysts note that Ark Invest's consistent investments in Bitcoin and Coinbase demonstrate a strong belief in the long-term growth of the cryptocurrency market, despite its inherent volatility. Wood has previously stated her belief that Bitcoin will reach new all-time highs due to increasing popularity and limited supply.