Cathie Wood Leads Ark Invest to Buy BTC of $80M on Coinbase

Last updated: March 15, 2025 3:48 PM

Published March 14, 2025 1:29 AM

Last updated: March 15, 2025 3:48 PM

Published March 14, 2025 1:29 AM

Cathie Wood Leads Ark Invest To Buy Btc Of $80M On Coinbase

Cathie Wood’s investment firm, ARK Invest, increased its Bitcoin holdings with 997 bitcoins on March 13, 2025.

As per the data of Arkham Intelligence, ARK Invest received $80 million worth of Bitcoin from Coinbase, a major cryptocurrency exchange.

Ark Invest To Buy Btc Of $80M — Ark Invest to Buy BTC of $80M, Source: x.com/arkham

The first transaction brought in 498 BTC, followed by a second transfer of 499 BTC just four hours later, totaling 997 BTC worth approximately $80 million.

This move highlights ARK Invest’s continued confidence in Bitcoin and aligns with a broader trend of institutional investors increasing their exposure to Bitcoin ETFs amid rising cryptocurrency adoption.

Also Read: US Bitcoin Reserve Attracted Govts to Crypto: Coinbase CEO

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TAGGED:Bitcoin (BTC)

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