Ark Invest has added 997 BTC, worth $80 million, to its holdings. The purchase was made in two transactions on the crypto exchange Coinbase. The initial buy was 498 BTC, while the second brought in 499 BTC. Currently, Coinbase is Ark’s third-largest position in the ARKK fund, accounting for over 7% of the portfolio. 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 doubles down on Bitcoin amid market volatility Ark’s strategy is heavily focused on diversification of holdings, with no single holding to represent more than 10% of the value of a fund. This way, as Coinbase shares soar or fall compared to other investments in the funds, the firm can recalibrate. In a recent video , Cathie Wood explained why market volatility could be a catalyst for long-term growth—and how investors can position for it. Cathie Wood explaining market volatility- Source: ARK Invest According to Cathie, market volatility is an opportunity for success. In addition to acquiring Bitcoin, Ark Invest recently increased its Coinbase (COIN) stock holdings. The company acquired 64,358 shares of Coinbase, worth about $11.53 million. This was its largest stake in Coinbase stock since August 2024. Moreover, institutional activities in the crypto space have surged. To illustrate, institutional investors have remained active holders of cryptocurrencies, most investing in Bitcoin ETFs. Despite this, they have negatively impacted the crypto market. Ark Invest sold roughly $9 million of its BTC ETFs invested in the company. This aligns with a broader institutional selling trend. Factors contributing to the selling pressure include the declining performance of the US stock market, inflation concerns, and uncertainties in trade policies. Bitcoin suffers a pullback amid trade war concerns Bitcoin holds the majority share compared to all other cryptocurrencies combined. According to CoinMarketCap , Bitcoin has 61% market dominance. Therefore, most long-term investors view Bitcoin as an essential trading asset. For instance, Wood remains a supporter of Bitcoin. She previously forecasted an increase in BTC price to $1 million per coin by 2030. However, the trading war brought about by institutional buying and selling of cryptocurrency contributes to Bitcoin price fluctuation, diminishing its strength. Nevertheless, Bitcoin’s strength has diminished due to the trade war’s impact, which makes the asset still bearish. Bitcoin’s price traded in the $79,000 range before rising back to the $81,000 mark but faced resistance at the $83,700 level. In case the selling pressure continues, BTC’s price may further decline towards the $75,000 support level. Cryptopolitan Academy: Want to grow your money in 2025? Learn how to do it with DeFi in our upcoming webclass. Save Your Spot
