A company that is changing the way the world mines bitcoin

Bitcoinist 2025-03-14 22:30:32

Bitcoin Boost: Cathie Wood’s Ark Invest Drops $80 Million On BTC—Bullish Signal?

According to reports, Ark Invest has added 997 Bitcoin (BTC) to its holdings in two separate transactions. The asset management firm, led by Cathie Wood, made the purchases on March 13, 2025, through Coinbase. The total value of the acquisition is estimated at approximately $80 million. Ark Invest Executes Two Bitcoin Transactions Based on data by Arkham Intelligence, Ark Invest bought 498 BTC in its first transaction, followed by another 499 BTC. The purchases were made at a time when the top crypto’s price was experiencing slight fluctuations. As of March 14, 2025, Bitcoin was trading at $82,234, down 1.40%. Analysts note that while Bitcoin’s price has seen recent volatility, Ark Invest’s decision to buy suggests confidence in a potential price rebound. The firm has previously capitalized on price dips, making substantial purchases when the market was under pressure. Some experts believe this latest move is a sign that ARK expects BTC to appreciate in the coming months. ARK INVEST RECEIVED $80M OF $BTC FROM COINBASE TODAY ARK INVEST IS BUYING BITCOIN pic.twitter.com/FmpyoNa15A — Arkham (@arkham) March 13, 2025 Ark Increases Stake In Coinbase On top of its Bitcoin acquisition, Ark Invest also increased its position in Coinbase , buying over 64,000 shares valued at around $11.50 million. This marks the firm’s largest Coinbase investment since August last year. Reports indicate that Coinbase now accounts for more than 7% of the Ark fund, making it the fund’s third-largest holding. Coinbase has been a key part of Ark’s investment strategy for years. The firm has consistently added shares of the exchange, reinforcing its belief that the platform will continue to benefit from increased cryptocurrency adoption. Coinbase’s stock has faced some pressure amid regulatory concerns, but Ark’s purchase suggests it sees long-term potential. Cathie Wood Remains Bullish On Crypto Analysts claim that Ark Invest has continuously shown faith in Bitcoin and the cryptocurrency industry as a whole. Despite market instability, the company has been making active investments in digital assets. According to reports, Wood still believes that Bitcoin is a significant financial asset with room to expand in the future. Wood has said in the past that Bitcoin may finally reach new all-time highs because there aren’t many of them and they’re becoming more and more popular. It’s clear that the company is willing to take a chance on long-term benefits by pouring massive amounts of money in the asset, even when the market goes down. What It Means For The Market People who follow the market are paying close attention to what Ark Invest has been doing lately. Institutional purchases in Bitcoin often change how the market feels as a whole. Some people believe that Bitcoin is still valuable even though its price has been going up and down lately. Featured image from Gemini Imagen, chart from TradingView

Наиболее читаемые новости

Turbulence in Asian Forex: Trade War Escalati...
2025-03-15
Can Bitcoin Outperform Gold in 2025? Tom Lee’...
2025-03-15
Pi Network celebrates 6th anniversary with 3...
2025-03-15
Visionary Move: SoftBank’s $676M Investment F...
2025-03-15
Solana Price Forecast: Analyst Says $302 Bill...
2025-03-15
Analyst Nicknamed Bitcoin Nostradamus Predict...
2025-03-15
Why XRP is poised to pump in 2025, but Lightc...
2025-03-15
Dollar’s Triumphant Edge: Michigan Sentiment...
2025-03-15

Связанные новости

Прочтите Отказ от ответственности : Весь контент, представленный на нашем сайте, гиперссылки, связанные приложения, форумы, блоги, учетные записи социальных сетей и другие платформы («Сайт») предназначен только для вашей общей информации, приобретенной у сторонних источников. Мы не предоставляем никаких гарантий в отношении нашего контента, включая, но не ограничиваясь, точность и обновление. Никакая часть содержания, которое мы предоставляем, представляет собой финансовый совет, юридическую консультацию или любую другую форму совета, предназначенную для вашей конкретной опоры для любых целей. Любое использование или доверие к нашему контенту осуществляется исключительно на свой страх и риск. Вы должны провести собственное исследование, просмотреть, проанализировать и проверить наш контент, прежде чем полагаться на них. Торговля - очень рискованная деятельность, которая может привести к серьезным потерям, поэтому проконсультируйтесь с вашим финансовым консультантом, прежде чем принимать какие-либо решения. Никакое содержание на нашем Сайте не предназначено для запроса или предложения