Has Bitcoin Bottomed? $80 Million BTC Move from Ark Invest!

Bitget App

Trade smarter

Bitget

News

Bitcoinsistemi2025/03/14 14:44

By:Elif Azra Güven

Bitcoin bull Cathie Wood's company Ark Invest purchased 997 BTC worth $80 million.

Famous Bitcoin bull Cathie Wood's company Ark Invest purchased 997 BTC worth $80 million.

According to Arkam Intelligence data, the Bitcoin purchase was made in two transactions via Coinbase on March 13. Accordingly, 498 BTC was purchased in the first purchase, and 499 BTC was purchased in the second purchase made four hours later.

This move shows that ARK Invest has continued confidence in Bitcoin and that the market continues to be supported by institutional investors.

In addition to Bitcoin, Ark Invest also recently purchased Coinbase (COIN) stock. Accordingly, the company purchased 64,358 Coinbase shares worth approximately $11.53 million. This is its largest investment in Coinbase stock since August 2024.

Cathie Wood, one of Bitcoin's biggest supporters, predicts that the BTC price will reach $1 million by 2030.

While the Bitcoin price has continued to fluctuate in recent days, BTC purchases by large companies such as ARK Invest are seen as a positive signal for the market recovery.

https://twitter.com/arkham/status/1900247518702665885

*This is not investment advice.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.

APR up to 10%. Always on, always get airdrop.

Lock now!

Share link:In this post: Honda is working with Sierra Space and Tec-Masters, two space technology companies, to try their high-differential pressure water electrolysis system. Honda aims for hydrogen to help it get all of its cars off carbon by 2040. Honda says it will work with NASA to get the equipment to the ISS on Sierra Space’s Dream Chaser space plane.

Cryptopolitan•2025/04/04 19:12

ETH just had lowest quarterly return since Q2 2022: Blockworks Research

The network is at a “pivotal juncture,” Blockworks Research’s Marc-Thomas Arjoon said

Blockworks•2025/04/04 18:22