Coinbase News: Ark Invest Increases Bitcoin Holdings via Coinbase

In a significant move that underscores the growing institutional adoption of Bitcoin, Ark Invest has bolstered its Bitcoin holdings by purchasing 997 BTC worth $80 million through Coinbase. This purchase forms part of Ark’s expanding Bitcoin strategy and highlights the increasing importance of Coinbase in the cryptocurrency ecosystem.

Ark Invest Buys 997 BTC via Coinbase

Ark Invest has purchased 997 BTC worth $80M through Coinbase as part of its expanding Bitcoin strategy. Currently, Coinbase is Ark’s third-largest position in the ARKK fund, accounting for over 7% of the portfolio. Ark’s strategy is heavily focused on diversification of holdings, with no single holding representing more than 10% of the value of a fund. Cathie Wood, in a recent video, explained how market volatility could be a catalyst for long-term growth and how investors can position for it.

Meme Coin Doginme Soars 162% After Coinbase Roadmap Addition

Doginme (DOGINME), a meme coin built on Base, saw its price skyrocket 162% after Coinbase added it to its roadmap. The token’s 24-hour trading volume also jumped 246% following the disclosure. On March 14, Coinbase announced the inclusion of DOGINME, sparking an immediate market response. The meme coin went from $0.000343 to $0.000923, and hit an intraday high of $0.001064. At the time of writing, the coin was trading at around the $0.000773 level.