Cathie Wood’s ARK Invest Acquires 997 BTC as Institutional Interest in Crypto Grows

• ARK Invest bought 997 BTC worth $80 million through Coinbase to expand its digital asset holdings.
• The firm sold $9 million in Bitcoin ETFs while increasing Coinbase shares showing a shift in investment strategy.
• Bitcoin trades at $81,861 with a 2.08% drop as institutional investors continue to adjust their holdings.

ARK Invest, led by Cathie Wood, has acquired 997 BTC worth $80 million and the transactions occurred through Coinbase. This move aligns with the firm’s strategy to strengthen its digital asset position. The acquisition reinforces Ark Invest’s confidence in Bitcoin despite ongoing market fluctuations.

Data from Arkham Intelligence confirms ARK Invest completed two transactions. The first involved 498 BTC while the second, finalized four hours later, added 499 BTC. This methodical approach shows the firm’s commitment to structured acquisitions.

The latest acquisition highlights continued institutional interest in Bitcoin and ETFs. Many institutions are maintaining or expanding their digital asset exposure. ARK Invest’s decision to accumulate Bitcoin while adjusting ETF holdings reflects a calculated investment approach.

ARK Invest has continued to buy Bitcoin but recently sold about $9 million of its Bitcoin ETF holdings. This shift follows broader market trends where spot Bitcoin ETFs have shown major outflows. Inflation concerns, a weakening U.S. stock market, and trade uncertainties are contributing to these sell-offs. These trends show how macroeconomic factors impact institutional investment decisions.

ARK Invest also increased its Coinbase (COIN) stake by purchasing 64,358 shares worth $11.53 million. This marks its largest Coinbase stock investment since August 2024. Unlike past portfolio adjustments, ARK Invest retained its Bitcoin ETF holdings this time.

The firm’s approach signals an evolving investment strategy. Holding Bitcoin while increasing Coinbase shares balances risk and opportunity. Analysts interpret this move as part of ARK Invest’s long-term commitment to the digital asset market.

Bitcoin remains crucial for institutional investors who like to buy the dip. Bitcoin is trading at around $81,861, reflecting a 2.08% decline in the past day. The trading volume has dropped by 21.44% to $30.27 billion and the market cap stands at $1.62 trillion. Several analysts have predicted that the market correction is coming to an end and a bull market is set to begin soon.

Tags:Ark Invest Arkham Intelligence Bitcoin ETFs Cathie Wood coinbase Crypto market cryptocurrency