Cathie Wood's Ark Invest Buys $80 Million Worth of Bitcoin From Coinbase

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

Cathie Wood’s investment firm Ark Invest has made a massive $80 million Bitcoin purchase, according to data from Arkham Intelligence.

The move, which was spotted by the crypto intelligence service, comes as several institutional investors remain engaged in the crypto space despite recent market volatility.

Insiders noted that the purchase occurred on March 13, 2025.

According to the data, Ark Invest bought 997 Bitcoin from Coinbase. The purchase wasn’t made all at once, as 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

— Arkham (@arkham) March 13, 2025

This aligns with Cathie Wood’s optimistic view on Bitcoin, where she's previously predicted it could reach $1 million per coin by 2030—an extremely bullish forecast.

The cryptocurrency has faced some challenges lately, struggling 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.