Buying the Dip: Inside Ark Invest’s $80M Bitcoin and Coinbase Stock Grab #CriptoNews

Tldr

• Cathie Wood’s Ark Invest purchased 29,353 Coinbase shares worth $5.2 million as the stock dipped 7.43%
• Ark Invest acquired 997 Bitcoin (BTC) worth $80 million through Coinbase in two transactions on March 13, 2025
• Coinbase stock has dropped 31% year-to-date, closing at $177.49
• Ark Invest has been consistently buying Coinbase shares, including 64,358 shares worth about $11.53 million recently
• Despite selling $9 million of its BTC ETFs, Cathie Wood remains bullish on Bitcoin, previously forecasting it to reach $1 million per coin by 2030

Cathie Wood’s Ark Invest has made bold moves in the crypto market this week, purchasing nearly 1,000 Bitcoin worth $80 million while also adding to its Coinbase stock holdings as prices dipped.

The firm bought 997 Bitcoin through Coinbase on March 13, 2025. The purchase happened in two separate transactions. The first included 498 BTC, and the second added 499 BTC about four hours later.

This Bitcoin acquisition comes alongside new investments in Coinbase stock. Ark’s flagship ARK Innovation ETF (ARKK) bought 29,353 Coinbase shares on Thursday.

These shares were worth about $5.2 million based on Thursday’s closing price. Coinbase stock closed down 7.43% at $177.49 on that day.

The crypto exchange’s stock price has faced pressure in 2025. It has dropped 31% year-to-date according to market data.

Ark Invest has been buying the dip

Ark Invest has been steadily buying Coinbase shares throughout recent market dips. On Monday, the firm acquired 52,753 Coinbase shares for the ARKK ETF.

These Monday purchases were worth about $9.4 million. The company also bought 11,605 Coinbase shares worth about $2.1 million for its Ark Fintech Innovation ETF on the same day.

More recently, Ark purchased 64,358 shares of Coinbase. This investment was valued at approximately $11.53 million and marks the firm’s largest investment in Coinbase stock since August 2024.

The Coinbase share purchases reflect Ark’s portfolio balancing strategy. Cathie Wood stated last year that Ark aims to keep any single stock holding below 10% of a fund’s portfolio.

As of Thursday, Coinbase stock represented a 7.14% weight in the ARKK fund. This makes it the third-largest holding within the ETF, according to the fund’s latest disclosure.

While buying Bitcoin and Coinbase shares, Ark has sold roughly $9 million of its Bitcoin ETF holdings. This comes as about $1.1 billion has exited spot Bitcoin ETFs recently.

Market uncertainties causing ETF outflows

Market analysts point to several factors behind the ETF outflows. These include declining performance in the US stock market, ongoing inflation concerns, and uncertainties around trade policies.

Bitcoin’s price action has reflected this mixed institutional sentiment. The cryptocurrency has traded in the $79,000 to $81,000 range recently but faces resistance at the $83,700 level.

If selling pressure continues, some analysts believe Bitcoin’s price could fall toward the $75,000 support level. Trade war impacts have reportedly weakened Bitcoin’s market strength.

Bitcoin could reach $1 million per coin

Despite short-term market movements, Cathie Wood remains a strong Bitcoin supporter. She has previously forecasted that Bitcoin could reach $1 million per coin by 2030.

The ARKK fund didn’t limit its buying to crypto-related assets. On Thursday, it also purchased 143,855 Robinhood shares worth $5.18 million as that stock also experienced a dip.

Robinhood’s stock lost 7.45% to close at $36.02 on Thursday. This represents an 8.6% decline since the beginning of the year.

Unlike some previous portfolio adjustments, Ark Invest did not sell all its spot Bitcoin ETF holdings. This suggests the firm maintains its long-term confidence in the digital asset sector.