ARK Invest Acquires Another 997 BTC From Coinbase

ARK Invest under the leadership of Cathie Woods has added more Bitcoin holdings through purchasing 997 BTC which is reportedly worth $80 million.

Cathie Wood’s Ark Invest has been busy beefing up its Bitcoin holdings. The investment firm purchased another 997 BTC, reportedly worth $80 million, from crypto exchange Coinbase on March 13, 2025, according to Arkham Intelligence.

The transaction was split into two parts. The first purchase, executed at 9:33 (ET), included 498 BTC, while the second, completed around 13:20, added another 499 BTC.

This acquisition comes at a time when Ark Invest is seeking to increase its presence in the digital asset sector.

Earlier this month, the firm disclosed that it sold a portion of its Block (NYSE:SQ) shares and reduced its investment in Sea (NYSE:SE) during the first quarter. However, Ark also bought more shares of Coinbase (NASDAQ:COIN) and Zoom Video Communications (NASDAQ:ZOOM).

Despite selling roughly $9 million of its BTC ETFs and institutions pulling $1.1 billion out of spot Bitcoin (BTC) ETFs, stifling the bull market in the process, institutional investors remain very active holders of cryptocurrencies. A large number are invested in Bitcoin ETFs.

The Most Recent BTC Buys By InstitutionsIn addition to Ark’s latest known BTC purchase, other institutions have also been actively buying Bitcoin in recent times.

Last month, an institution sold a portion of its shares in Ark’s flagship ETF, ARK Innovation ETF (NYSE:ARKK), to fund a new investment. The new position was fully disclosed to be in Coinbase shares.

Earlier in February, an institution sold a portion of its shares in Peloton (NASDAQ:PKG) to fund a new investment. The new position was fully disclosed to be in Bitcoin. An institution sold a portion of its shares in Kratos Defense & Security Systems (NASDAQ:KTO) to fund a new investment. The new position was fully disclosed to be in Coinbase shares. An institution sold a portion of its shares in Unity Software (NYSE:U) to fund a new investment. The new position was fully disclosed to be in Bitcoin.

Among the new investment inclusions, the investment in Coinbase is particularly interesting. This is because it comes at a time when Ark has been reducing its holding in the cryptocurrency exchange.

Earlier this year, Ark sold a portion of its Coinbase shares to fund new investments in other companies. It seems that Ark is now adding to its Coinbase holding again, which could be a sign that the firm is becoming more bullish on the cryptocurrency exchange.

Coinbase has been a target of several institutions in recent months. Earlier this year, an institution sold a portion of its shares in Southwest Gas Holdings (NYSE:SWG) to fund a new investment in Coinbase shares.

Institutions have also been actively investing in Bitcoin ETFs in recent months. In January, an institution sold a portion of its shares in Advanced Energy Industries (NYSE:AEIS) to fund a new investment in the iShares Global Clean Energy ETF (NYSE:IDIV). A portion of the proceeds from the sale of Advanced Energy Industries shares were used to buy more shares of the iShares Global Clean Energy ETF.

This interest in Bitcoin and cryptocurrencies is part of a broader trend among institutions to invest in alternative asset classes. As traditional asset classes, such as stocks and bonds, become more expensive, institutions are increasingly looking to invest in alternative assets, such as cryptocurrencies and real estate.

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