TLDR
- Ark Invest acquired 997 Bitcoin (approximately $80 million) on March 13, 2025 via Coinbase
- The purchase was executed in two separate transactions of 498 BTC and 499 BTC
- Ark also purchased 29,353 Coinbase shares worth $5.2 million for its Innovation ETF
- Coinbase stock has fallen 31% year-to-date, closing at $177.49 after a 7.43% daily drop
- Cathie Wood has maintained her bullish Bitcoin outlook, previously forecasting a $1 million price by 2030
Cathie Wood’s investment firm Ark Invest has made a Bitcoin purchase worth $80 million. The move comes alongside increased investment in crypto exchange Coinbase, highlighting the firm’s continued belief in digital assets.
Data from Arkham Intelligence shows Ark Invest bought 997 Bitcoin from Coinbase on March 13, 2025. The purchase wasn’t made all at once. Ark first acquired 498 BTC, then followed with another 499 BTC about four hours later.
This Bitcoin buy happens as many institutional investors remain engaged in the crypto space. Despite recent market volatility, large investors continue to hold positions in Bitcoin ETFs and direct cryptocurrency holdings.
ARK INVEST RECEIVED $80M OF $BTC FROM COINBASE TODAY
ARK INVEST IS BUYING BITCOIN pic.twitter.com/FmpyoNa15A
— Arkham (@arkham) March 13, 2025
Ark didn’t stop with just Bitcoin. The firm also added 29,353 Coinbase shares to its ARK Innovation ETF (ARKK). Based on Thursday’s closing price, this investment was worth approximately $5.2 million.
The ARKK fund made other moves as well. Ark purchased 143,855 Robinhood shares, valued at about $5.18 million. Both companies have experienced stock price declines in recent months.
Coinbase shares closed Thursday down 7.43% at $177.49. The stock has had a rough 2025 so far, dropping 31% since January according to Google Finance. This hasn’t deterred Ark’s interest in the company.
Robinhood shares also struggled, falling 7.45% to $36.02 on Thursday. This represents an 8.6% decline since the start of the year. Market conditions have been challenging for fintech stocks overall.
The latest Coinbase purchase follows earlier investments by Ark. On Monday, the firm bought 52,753 Coinbase shares worth about $9.4 million for its flagship ARKK ETF.
Coinbase Shares
Ark also acquired 11,605 Coinbase shares for its Fintech Innovation ETF, worth approximately $2.1 million. These moves are part of Ark’s broader portfolio management strategy.
Wood has previously stated that Ark tries to limit individual stock holdings to no more than 10% of a fund’s total portfolio. As of Thursday, Coinbase represented 7.14% of the ARKK fund’s holdings.
This makes Coinbase the third-largest position in the ETF. The continued investment shows Ark’s confidence in the crypto exchange’s long-term prospects despite recent price weakness.
The firm’s Bitcoin purchase aligns with Wood’s optimistic view on the cryptocurrency. She has previously predicted Bitcoin could reach $1 million per coin by 2030, an extremely bullish forecast.
Bitcoin has faced some challenges lately. The cryptocurrency has struggled to break through resistance at $83,700. If selling pressure continues, some analysts believe it could test support around $75,000.
Recent price action has seen Bitcoin trade in the $79,000 range before recovering to around $81,000. Various factors including trade tensions have contributed to market uncertainty.
Ark’s approach seems to be twofold: direct cryptocurrency purchases combined with investments in crypto-related companies. This provides exposure to both the assets themselves and the infrastructure around them.
Interestingly, Ark previously sold about $9 million worth of Bitcoin ETF holdings. This was part of a larger trend that saw approximately $1.1 billion exit spot Bitcoin ETFs.
These outflows may relate to broader market concerns including US stock market performance, inflation worries, and uncertainty about trade policies. Despite these headwinds, Ark appears committed to its crypto strategy.
The investment firm continues to balance its portfolio between direct digital asset holdings and stakes in companies operating in the crypto ecosystem. This diversified approach provides multiple ways to benefit from growth in the sector.
These latest transactions demonstrate Ark’s ongoing conviction in both Bitcoin’s future and the business prospects of major crypto companies like Coinbase. The strategy reflects a comprehensive approach to investing in digital assets.
