Ark Invest, the investment house led by Cathie Wood, bought another 162,325 shares in crypto exchange Coinbase (COIN) last Friday, according to an investor email seen by Decrypt.

Ark Invest added a massive 139,105 Coinbase shares (worth $7,941,504.45) to its portfolio on Friday, alongside a substantial purchase of 263,504 Robinhood shares (worth $2,629,769.92).

ARK Invest expressed, in a recent report, the belief that the price of Bitcoin (BTC) could exceed one million dollars in the coming years and pointed out that the long-term opportunity for Bitcoin is getting better and better.

Bitcoin is still looking at triage to leading institutions like the investment management firm Ark Invest. Doubling down on its previous Bitcoin price prediction, Ark Invest maintains the conviction that Bitcoin will end the decade with a price of over $1 million.

As the cryptocurrency industry evolves, mining Bitcoin (BTC) is becoming increasingly popular, with arguments in favor of its use to offset energy waste despite criticism over its effect on the environment. In fact, a study has shown that Bitcoin mining can reduce this effect by working together with solar storage systems.

Cathie Wood and the team at Ark invest have just published their annual Big Ideas for 2023. And this report covers all the best in disruptive innovation, from artificial intelligence to space to all things crypto.

Despite a severe downturn, public blockchains continue to foster multiple revolutions and one of them is bitcoin (BTC), says ARK Invest in its 2023 Big Ideas research report.

Emerging technology and crypto investment firm Ark Invest is bullish on smart contracts. The company made some big predictions for the sector in a recent report.

Ark Invest Chief Futurist Brett Winton said that crypto assets could see an upside as artificial intelligence advances accelerate and foster technological convergence across multiple sectors of the economy.

Cathie Wood's Ark Invest grabbed another $5.8 million of Coinbase (COIN) shares on Thursday, as she continues to show confidence in the crypto exchange even as its share price falls. It closed down 11% on Thursday at $33.53. It fell almost 90% in 2022.