CathieWood

Cathie Wood-led Ark Invest made significant trades on Tuesday, focusing on companies like DraftKings, Palantir Technologies, and Shopify.

On Tuesday, Ark Invest made a substantial purchase of DraftKings shares across multiple ETFs. The Ark Fintech Innovation ETF acquired 53,400 shares, while the ARK Innovation ETF added 346,577 shares, and the ARK Next Generation Internet ETF bought 99,506 shares. With DraftKings' stock closing at $31.16, the total value of these transactions amounted to approximately $15.6 million.

DraftKings recently announced a significant expansion through the acquisition of Railbird Technologies and its wholly owned subsidiary, Railbird Exchange, LLC, which bolsters DraftKings' strategy to enter the prediction markets. The company has confirmed plans to launch DraftKings Predictions, a mobile application that will allow customers to trade event contracts.

Ark Invest reduced its Palantir holdings on Tuesday. The ARKF fund sold 2,800 shares, the ARKK fund offloaded 13,627 shares, and the ARKW fund parted with 5,217 shares. With Palantir's stock closing at $189.6, the total sale value was approximately $4.1 million.

Palantir recently hit an all-time high, driven by major contracts and strategic partnerships, including a $200 million deal with Lumen Technologies, enhancing its AI capabilities. Palantir CEO Alex Karp hailed the deal as "the holy grail for businesses," saying it would make AI data processing 200 times faster and cheaper. Lumen confirmed the $200 million price tag, part of its $1 billion cost-cutting overhaul.

Notably, Ark Invest has been shedding Palantir shares as they chart new highs. On Monday, the Wood-led firm sold 13,922 shares worth nearly $2.63 million.

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Cathie Wood, founder and CEO of ARK Invest, believes Bitcoin’s price could surge to $1.5 million within the next five years – a 15x increase from today’s levels. According to her, institutional investors will play a major role in fueling this growth.
In a recent interview on the YouTube channel The Diary of a CEO, Wood described Bitcoin as a long-term appreciating asset that also offers something rare in financial markets: true diversification.
“Bitcoin is volatile, no doubt. But as more institutions hold it, its volatility is decreasing – which makes it more appealing as an investment,”

Wood explained.

The First New Asset Class in Centuries?
Wood highlighted that the world hasn’t seen a truly new asset class since the 17th century, when publicly traded stocks emerged. Since then, markets have revolved around the same categories: stocks, bonds, commodities, and real estate.
Now, Bitcoin appears as a new kind of asset, behaving differently and offering investors exposure to something unique.
“If an asset behaves differently than others, institutions are forced to take it seriously,” she said.

Institutions Are Late — and There’s Almost No Bitcoin Left to Mine
Wood also emphasized that institutions are only now waking up to Bitcoin — at a time when there’s just one million BTC left to be mined, representing roughly $100 billion in future market cap.
“Institutions manage trillions of dollars. Meanwhile, Bitcoin will only create $100 billion more in new supply. So as demand increases, someone will have to sell,” she added.

Trend Shift: Institutions Are Finally Stepping In
Wood’s statement supports a broader trend: institutional investors are finally realizing Bitcoin’s long-term potential. Analysts from Matrixport previously noted that this year’s surge to an all-time high of $111,814 was not driven by retail, but primarily by institutional demand.
According to Standard Chartered’s report, at least 61 sovereign and corporate entities now collectively hold 3.2% of the total BTC supply.

Major Players: Saylor, Metaplanet, and More
🔹 Japanese firm Metaplanet plans to acquire 210,000 BTC by 2027 — aiming to control 1% of the global supply.

🔹 Michael Saylor’s Strategy remains the largest corporate holder with 580,955 BTC as of June 9 — about 2.7% of all existing coins.

🔹 ARK Invest, led by Wood, recently raised its bullish forecast: up to $2.4 million per BTC by 2030, assuming the ecosystem’s financial services grow 60% annually.

Conclusion: Bitcoin as the Financial Foundation of the Future?
According to Cathie Wood, Bitcoin may soon become a cornerstone of the financial world — not just a speculative asset, but a global reserve tool and alternative store of value.
The question is no longer if institutions will adopt Bitcoin — but how much they can accumulate before it’s all mined.

#CathieWood , #BTC , #bitcoin , #CryptoNewss , #CryptoInvesting

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