• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

ARK Invest Strengthens Bitcoin and Coinbase Positions

user avatar

by Giorgi Kostiuk

4 hours ago


ARK Invest, led by CEO Cathie Wood, expands its cryptocurrency investments, allocating $80 million to acquire bitcoin.

ARK Invest's Bitcoin Acquisition

On March 13, 2025, ARK Invest acquired 997 bitcoins valued at approximately $80 million through the Coinbase exchange. The transaction included two transfers: the first for 498 bitcoins and the second adding an additional 499 bitcoins less than four hours later. This acquisition highlights the firm's confidence in bitcoin's future potential.

Investments in Coinbase Stock

In August 2024, ARK Invest purchased 64,358 shares of Coinbase worth $11.53 million, marking its largest investment in the company since then. ARK Invest continues to strategically strengthen its positions in Coinbase stock, reflecting a long-term confidence in the cryptocurrency sector.

Bitcoin Market Dynamics

As of March 14, 2025, bitcoin's price stands at $81,911, showing a 2.04% decrease from the previous day. Resistance is at $83,700, while potential support could be seen at $75,000. Despite the volatility, Cathie Wood and other long-term investors remain optimistic about bitcoin's future, with predictions of it reaching $1 million by 2030.

ARK Invest's strategic investments in bitcoin and Coinbase affirm the company's long-term confidence in crypto assets amid a volatile market.

0

Share

Other news

Top Cryptos: Qubetics, Maker's Resilience, and Polygon's Ambitions

Overview of recent crypto trends: Qubetics growth, Maker's stability, and Polygon's ambitious plans in real estate tokenization.

user avatarGiorgi Kostiuk

a few seconds ago

XRP Gaining Attention: Institutional Interest and Market Uplift

XRP shows growth amid interest from major financial institutions and market optimism.

user avatarGiorgi Kostiuk

4 minutes ago

Pi Coin: Loss of $1.65 Support and Price Decline Outlook

Pi Coin price dropped amid declining market sentiment. We discuss forecasts and the situation around this cryptocurrency.

user avatarGiorgi Kostiuk

5 minutes ago

What Would It Take for Shiba Inu to Reach $1?

Shiba Inu price hitting $1 in 30 days is unlikely. Explore the reasons and short-term prospects.

user avatarGiorgi Kostiuk

7 minutes ago

WLFI Denies Bloomberg's Accusations of Collaboration with Binance

WLFI dismisses Bloomberg's claims of talks with Binance for a new stablecoin. The Trump family project calls them politically motivated.

user avatarGiorgi Kostiuk

8 minutes ago

VanEck Initiates Potential Spot Avalanche ETF Launch

VanEck files for a spot Avalanche ETF, signaling a shift in the crypto investment landscape.

user avatarGiorgi Kostiuk

8 minutes ago

dapp expert logo
© 2020-2025. DappExpert. All rights reserved.
© 2020-2025. DappExpert. All rights reserved.

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.