Ark Invest purchased 997 Bitcoin worth $80 million from Coinbase on March 13, 2025
The transaction was split into two parts: 498 BTC first, followed by 499 BTC four hours later
Ark also bought additional Coinbase shares worth $5.2 million for its ARK Innovation ETF
Coinbase stock has dropped 31% year-to-date, closing at $177.49 after a 7.43% dip
Cathie Wood has previously predicted Bitcoin could reach $1 million per coin by 2030
Cathie Wood’s Ark Invest has made major moves in the crypto market, purchasing 997 Bitcoin worth $80 million and adding $5.2 million in Coinbase shares to its portfolio. The transactions highlight the investment firm’s ongoing commitment to digital assets despite market volatility.
Ark Invest acquired the Bitcoin through Coinbase on March 13, 2025, according to data from Arkham Intelligence. The purchase was executed in two separate transactions. The first brought in 498 BTC, followed by a second transfer of 499 BTC approximately four hours later.
ARK INVEST RECEIVED $80M OF $BTC FROM COINBASE TODAY
ARK INVEST IS BUYING BITCOIN pic.twitter.com/FmpyoNa15A
— Arkham (@arkham) March 13, 2025
This Bitcoin acquisition comes at a time when institutional investors remain active in the cryptocurrency space. Many large investors are maintaining positions in Bitcoin ETFs despite recent market fluctuations.
In addition to the Bitcoin purchase, Ark Invest bought 29,353 Coinbase shares for its ARK Innovation ETF (ARKK). These shares were worth about $5.2 million based on Thursday’s closing price.
The firm also purchased 143,855 Robinhood shares worth $5.18 million for the same fund. Both Coinbase and Robinhood have seen their stock prices decline this year.
Coinbase’s stock closed down 7.43% at $177.49 on Thursday. The crypto exchange’s stock has dropped 31% year-to-date according to Google Finance data.
Robinhood’s stock fell 7.45% to close at $36.02 on Thursday. This marks an 8.6% decline since the beginning of 2025.
The latest Coinbase share purchase follows earlier acquisitions by Ark Invest. On Monday, the firm bought 52,753 Coinbase shares worth about $9.4 million for the ARKK ETF.
Ark also acquired 11,605 Coinbase shares worth approximately $2.1 million for its Ark Fintech Innovation ETF. These purchases reflect Ark’s strategy of adjusting its portfolio.
Cathie Wood stated last year that Ark aims to keep individual stock holdings below 10% of a fund’s portfolio. As of Thursday, Coinbase stock made up 7.14% of the ARKK fund.
This makes Coinbase the third-largest holding within the ETF. The position shows Ark’s continued confidence in the crypto exchange despite the recent downturn in its stock price.
The Bitcoin purchase is aligned with Wood’s bullish outlook on the cryptocurrency. She has previously predicted that Bitcoin could reach $1 million per coin by 2030.
Bitcoin Pressure
Despite this optimistic forecast, Bitcoin has faced pressure recently. The cryptocurrency has struggled to break the $83,700 resistance level.
Some analysts suggest Bitcoin could fall to the $75,000 support level if selling pressure continues. The recent price movements have been influenced by trading war impacts and other market factors.
Bitcoin traded in the $79,000 range before rising back to $81,000. However, it continues to face resistance at higher levels.
Ark’s investment approach seems to involve direct Bitcoin purchases while simultaneously expanding its positions in crypto-related companies. The firm previously sold approximately $9 million of its Bitcoin ETF holdings.
This sale occurred as part of a broader trend, with about $1.1 billion exiting spot Bitcoin ETFs. The outflows may be related to declining performance in the US stock market, inflation concerns, and uncertainties in trade policies.
Despite these market challenges, Ark Invest appears committed to its long-term strategy in the digital asset sector. The firm continues to balance its portfolio between direct cryptocurrency holdings and investments in companies operating within the crypto ecosystem.
