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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…
