ARK Invest under Cathy Woods added more Bitcoin holders by buying 997 BTC, which is said 80 million dollars. The purchase was carried out by two transactions on March 13, 2025, via Crypto Excination Coinbase. This is in line with the company’s continuous plan to retain a large center in digital assets, as it expresses its confidence in Bitcoin.
Ark Invest gets 997 BTC through Coinbase
according to Data from Arkham IntelligenceARK Invest acquired 997 BTC worth $ 80 million from Coinbase on March 13, 2025. The transaction was divided into two parts: The first purchase included 498 BTC, while the second, after four hours, added 499 BTC.
The acquisition occurs at a time when ARK Invest is seeking to increase its bet on Bitcoin. Currently, the founding investors remain very active in encrypted currencies and a large number of investment funds circulating in Bitcoin are invested. The latest acquisition shows that the company is ready to stay in the digital assets sector, regardless of price fluctuations.
However, regardless of the last BTC purchase, Ark Investment sold about $ 9 million of investment funds in the company invested in the company. This feeling is in line with the sale of other institutions, as $ 1.1 billion of Spot Bitcoin ETF has been removed. The reason for this can be due to the low performance of the US stock market, inflation concerns, and suspicion of commercial policies.
Ark Invest Reballess
In addition to getting Bitcoin, Ark Investt recently The currency base increased (Currency) stock holdings. The company bought 64,358 shares of Coinbase, at a value of about $ 11.53 million. This is the largest investment in Coinbase shares since August 2024.
Unlike the previous wallet adjustments, Ark Invest did not sell Bitcoin ETF. The company’s decision to keep bitcoin with the expansion of Coinbase’s shares indicates a strategic shift in its investment approach. Analysts look at this step as part of the long -term Ark Invest strategy in the digital assets sector.
Bitcoin price procedures amid institutional interest
In recent weeks, bitcoin price has been transformed due to institutional purchase and sale with other factors in the encryption market. Ironically, BTC has remained an essential commodity for long -term investors who continue to collect.
More than that, Cathy Wood is still supportive of Bitcoin. Cathy previously expected an increase in the price of BTC to a million dollars per currency by 2030.
However, the Bitcoin power has diminished due to the impact of the trade war, which makes the original still down. The Bitcoin price was traded in a range of $ 79,000 before returning to a mark of $ 81,000, but it faced resistance at the level of $ 83,700. In the event of continued pressure pressure, the BTC price may decrease towards the support level of $ 75,000.
Ronnie Mogndi
Ronny Mugendi is a four -year experienced encryption journalist, as he contributed greatly to the various media in cryptocurrencies and technologies. With more than 4000 articles published through various media, it aims to inform and teach more people to the Blockchain world and Defi. Outside his career in the press, Rooney has a bicycle riding and exploring new paths and landscapes.
Responsibility: Is market research before investing in encrypted currencies? The author or post does not bear any responsibility for your personal financial loss.
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