Buy $GGsCathie Wood’s Ark Buys ARKB Bitcoin ETF Worth $51M This Week; Buys Tesla Shares
Cathie Wood’s asset management firm Ark Invest added additional units of ARK 21Shares Bitcoin ETF (ARKB), increasing its total ARKB purchase this week to $51 million. ARKW has been consistently purging holdings in ProShares Bitcoin Strategy ETF (BITO) since the approval and listing of spot Bitcoin ETFs.
Meanwhile, Ark Invest funds are on an accumulation spree for Elon Musk’s Tesla (TSLA) shares, along with other key shares.
Cathie Wood’s Ark Buys More ARKB Bitcoin ETF Units
On January 26, Cathie Wood’s Ark Invest purchased 127,435 Ark 21Shares Bitcoin ETF (ARKB) units worth $5.4 million, as per trades seen by CoinGape.
ARK Next Generation Internet ETF(ARKW) offloaded 78,345 shares of ProShares Bitcoin Strategy ETF (BITO) valued at approximately $1.59 million and other shares such as Twilio, UiPath and DraftKings to buy ARKB spot Bitcoin ETF units.
With the latest purchase, ARKW has bought 1.27 million ARKB units worth $51 million this week. CoinGape earlier reported that ARKW purchased 1.04 million ARKB units worth $43 million last week. Thus, a total of ARKB is worth almost $95 million.
As per Ark Invest data, ARKB has Bitcoin with a market value of $529.18 million until Jan 26.
Shares including BITO and ARKB ETFs prices jumped after the PCE data revealed that inflation cooled to 2.9%. ProShares Bitcoin Strategy ETF (BITO) price closed 5.62% higher at $20.30 on Friday. Whereas, Ark 21Shares Bitcoin ETF (ARKB) price closed 5.39% higher at $42.02.
Also Read: XRP Ledger Hits New Milestone With 5 Million Wallets, XRP Price Rally Imminent?
ARK Invest Buying Tesla (TSLA)
Cathie Wood’s Ark Invest funds are on a buying spree for Tesla shares. After buying TSLA stocks worth $32 million on Thursday, ARK funds purchased another hefty $33 million worth of shares in total.
ARK Innovation ETF (ARKK) bought 151,984 Tesla shares and ARK Next Generation Internet ETF (ARKW) purchased 30,557 TSLA shares.
TSLA price closed at $183.25 on Friday, up 0.34%. Elon Musk’s Tesla stock price dropped 13.67% this week.
Also Read: Crypto Market Recovery — Here’s Why Bitcoin, ETH, SOL, XRP Are Up Today
Play 10,000+ Casino Games at BC Game with Ease
- Instant Deposits And Withdrawals
- Crypto Casino And Sports Betting
- Exclusive Bonuses And Rewards
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more… to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Delivered every day.
- Insights that move markets
- 100,000 active subscribers
Related Articles
- Bitcoin News: Anthony Pompliano’s ProCap Buys 450 BTC, Gold Bug Peter Schiff Reacts
- Fed Rate Cuts More Likely If U.S.-Iran Conflict Extends, Arthur Hayes Predicts
- Breaking: Ethereum Treasury BitMine Adds 50,928 ETH as Tom Lee Predicts March Bottom For Crypto Prices
- Bitget Champions Women’s Role in Crypto as Part of International Women’s Day Campaign
- Breaking: Michael Saylor’s Strategy Adds 3,015 BTC as Bitcoin Holds Steady Despite U.S.-Iran War
- Pi Coin Price Prediction for March 2026 Amid Network Upgrade, KYC Boost, Rewards Distribution
- Gold Price Nears ATH; Silver Eyes $100 Breakout on Us- Iran War
- Bitcoin And XRP Price As US Kills Iran Supreme Leader- Is A Crypto Crash Ahead?
- Gold Price Prediction 2026: Analysts Expect Gold to Reach $6,300 This Year
- Circle (CRCL) Stock Price Prediction as Today is the CLARITY Act Deadline
- Analysts Predict Where XRP Price Could Close This Week – March 2026
