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ARK Invest Bolsters Bitcoin Holdings with $80 Million Acquisition Amid Market Fluctuations

ARK Invest Bolsters Bitcoin Holdings with $80 Million Acquisition Amid Market Fluctuations

CryptoFrontNewsCryptoFrontNews2025/03/14 16:00
By:Constance Mutharimi

ARK Invest made its largest Coinbase purchase yet when it spent $80 million on 997 BTC through the platform on March 13, 2025. In August 2024, the firm made its biggest investment in Coinbase stock through the purchase of 64,358 shares worth $11,534,675. The Bitcoin market currently stands at $81,911 and faces $83,700 resistance while potential market support could reach $75,000 even with expected overall price movement.

  • ARK Invest made its largest Coinbase purchase yet when it spent $80 million on 997 BTC through the platform on March 13, 2025.
  • In August 2024, the firm made its biggest investment in Coinbase stock through the purchase of 64,358 shares worth $11,534,675.
  • The Bitcoin market currently stands at $81,911 and faces $83,700 resistance while potential market support could reach $75,000 even with expected overall price movement.

​On March 13, 2025, ARK Invest, under the leadership of CEO Cathie Wood, expanded its cryptocurrency portfolio by acquiring 997 Bitcoin (BTC) valued at approximately $80 million. Both Coinbase exchange deals resulted in the acquisition of cryptocurrency where the first transaction brought 498 bitcoins, followed by another transfer less than four hours later that added 499 bitcoins more. 

ARK Invest’s recent Bitcoin acquisition demonstrates its desire to grow its digital asset division because the firm believes Bitcoin holds strong potential for the future. This purchase became one of multiple institutional investments in cryptocurrency market funds that distributed significant Bitcoin ETF shares. 

ARK INVEST RECEIVED $80M OF $BTC FROM COINBASE TODAY

ARK INVEST IS BUYING BITCOIN pic.twitter.com/FmpyoNa15A

— Arkham (@arkham) March 13, 2025

ARK Invest sold $9 million worth of its Bitcoin ETF holdings while continuing to acquire Bitcoin and Coinbase stock because institutions are withdrawing $1.1 billion from spot Bitcoin ETFs. City-wide selling pressure affects the stock market through falling U.S. index values combined with rising inflation rates and trade policy ambiguity. 

ARK Invest strengthened its position in Coinbase cryptocurrency exchange by making select Bitcoin investments while purchasing 64,358 shares that amounted to $11.53 million. The firm has made its biggest Coinbase stock purchase since starting in August 2024. The cryptocurrency sector appears to receive sustained long-term attention from ARK Invest through their strategic choice to keep Bitcoin positions along with Coinbase stock acquisitions. 

The Bitcoin market value stands at $81,911 on March 14, 2025 as it shows a 2.04% decrease from the previous day. Bitcoin continues to encounter selling pressure at its $83,700 resistance point, which is battling traders who could drive the price toward the support level at $75,000. Although Bitcoin’s value has experienced price volatility, Cathie Wood and other long-term investors continue to demonstrate optimism about Bitcoin’s future because Wood predicted BTC will reach $1 million by 2030.

DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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