Ark Invest has expanded its Bitcoin holdings by purchasing 997 BTC, valued at approximately $80 million.
The acquisition was executed in two transactions on the crypto exchange Coinbase, with the first involving 498 BTC and the second adding 499 BTC. The move reflects the firm’s ongoing investment in digital assets despite market fluctuations.
Ark investment increases Bitcoin exposure amid market volatility
The firm continues to strengthen its position in the cryptocurrency market. Coinbase is Ark Invest’s third-largest holding within the ARKK fund, representing over 7% of the total portfolio. Ark follows a strategy that prevents any asset from exceeding 10% of a fund’s value, allowing for adjustments based on market performance.
Cathie Wood, Ark Invest’s CEO, recently emphasized the role of market volatility in long-term growth. She noted that fluctuations create opportunities for investors and explained how Ark positions itself for potential success in a shifting financial landscape.
Ark invest expands holdings in Coinbase stock
In addition to acquiring Bitcoin, Ark Invest has increased its stake in Coinbase stock. The firm purchased 64,358 shares valued at approximately $11.53 million, marking its largest investment in the company since August 2024. Institutional activity in crypto remains strong, with many firms investing in Bitcoin exchange-traded funds (ETFs). However, institutional involvement has also introduced selling pressure that impacts the overall market.
At the same time, Ark Invest sold approximately $9 million worth of its Bitcoin ETFs. This decision aligns with broader institutional trends as firms adjust their portfolios in response to factors such as stock market performance, inflation concerns, and uncertainty in global trade policies.
Bitcoin faces selling pressure amid trade war concerns
According to CoinMarketCap, Bitcoin maintains a dominant position in cryptocurrency, accounting for 61% of the total market share. Many long-term investors consider Bitcoin a crucial asset, and Wood has previously projected that its price could reach $1 million per coin by 2030.
Cryptocurrency has had a price downturn because institutional trading has intensified. The cryptocurrency, which existed at $79,000 while recovering to $81,000, faced opposition when it reached $83,700. The current selling pressure indicates Bitcoin might lose value on its way down to $75,000.