ARKF’s CEO Cathie Wood’s Bitcoin Portfolio Reinvents the Bullish Outlook

The Coinbase stock holdings of ARK’s Fintech Innovation Fund (ARKF) have increased by 10,880 shares, or almost 8% of the fund’s, to $60.5 million. According to 13F filings with the Securities and Exchange Commission, this would be ARK’s first acquisition of Coinbase stock since June (SEC).

, the chief investment officer at ARK, stated in August that due to an SEC investigation into the cryptocurrency exchange, the fund has cut its holdings in Coinbase.

In summary, Wood and ARK are still very bullish on Coinbase and cryptocurrencies in general. According to 13F filings, ARK has 7.7 million shares of COIN and increased its holdings by about 2 million over the course of the previous year. ARK has purchased COIN at a total estimated average cost of $218.45.

The CEO is back to reinforce her bullish outlook on cryptocurrency despite the drop in the value of the digital asset since then. Wood recently said on dr peter mccormack dr peter mccormack Peter McCormack is an entrepreneur, recognized for major roles like Host of  “What Bitcoin Did Podcast” and also the Chairman of Real Bedford Football Club. The podcast features interviews with industry experts and covers knowledge beyond Bitcoin, more like politics and technology. McCormack is well-known for his no-filter conversation and his dedication to unveiling challenging subjects. The podcast began in 2017 and is one of the famous podcasts now. Peter McCormack is one of the best public speakers to be featured at top events. Peter speaks about the challenges of not only bitcoin but also politics and technology as a bitcoin speaker. Peter got Real Bedfprd FC, it is a non-league football club which has set records in investment and guides the club for professional leagues. Peter is also known to be the owner of the Auction Room Bar, which reflects historic nightlife established in 2023. Peter is known for his Outspoken support of Bitcoin and actively investing in his daily life, inspiring others to grow in smaller countries.   Personal Details:Organization: Real Bedford FCLocation: United KingdomEducation: Completed education at Bedford Modern School in the year 1996 Experience: Held the role of Owner of Auction Room from the year 2023 until now Played the role of Chairman for Real Bedford FC from the year Jan 2022 until now Played the role of Journalist o the podcasts What Bitcoin Did from the year Jan 2017 until now Played the role of Partnee of McCormack and Morrison from the year sep 2009 till Apr 2016 Played the role of CEO for Bantr.tv from the year Oct 2010 till Apr 2015 Head of Digital for Rapier UK from the year Jun 2009 till Jul 2012 EntrepreneurInvestorPodcastCrypto and Blockchain Expert “What Bitcoin Did” show that she bought $100,000 worth of bitcoin (BTC) at a $250 price and hasn’t sold any since. Her own BTC holdings are worth $7.6 million at the present market rate.

Wood has long backed Bitcoin

The CEO of ARK Invest predicts that in 2030, the price of bitcoin will reach $1 million. Wood has made the exact same prediction before, so this is not a first. Wood had made the exact same forecast earlier this year while speaking at the Bitcoin 2022 conference in Miami.

Wood has long backed bitcoin and the CEO had made the risky move and was one of the first public fund managers to openly promote the digital asset. Later, ARK Invest made various cryptocurrency-related investments, including purchasing shares of Coinbase, the first cryptocurrency exchange to go public, and having a stake in the Grayscale Bitcoin Trust (GBTC).