Cathie Wood is a well-known investment manager, founder, and CEO of ARK Investment Management LLC. She is also one of the biggest proponents of Bitcoin and has been investing heavily in the cryptocurrency since 2015. So, how much Bitcoin does Cathie Wood own?
According to regulatory filings, Cathie Wood’s flagship exchange-traded fund, the ARK Innovation ETF, holds around 7.4 million shares of Grayscale Bitcoin Trust (GBTC). This trust is a publicly traded investment vehicle that holds Bitcoin as its underlying asset. As of June 30, 2021, this stake was worth approximately $258 million.
Apart from this, ARK Invest also holds shares in the Bitcoin Investment Trust (BIT), another investment vehicle that holds Bitcoin. However, the exact number of shares held by ARK Invest in BIT is unknown as it is not required to be disclosed.
In addition to these investments, Cathie Wood has also invested in several Bitcoin-related companies through ARK Invest’s various ETFs. These companies include Coinbase, Square, and MicroStrategy, which have all made significant investments in Bitcoin.
Coinbase is a cryptocurrency exchange that went public earlier this year. ARK Invest’s flagship ETF holds around 1.15 million shares of Coinbase, worth around $382 million as of June 30, 2021. Coinbase is expected to benefit from the growing adoption of Bitcoin and other cryptocurrencies, which could drive its revenue and earnings higher.
Square, on the other hand, is a fintech company that allows users to buy and sell Bitcoin through its Cash App. ARK Invest’s Next Generation Internet ETF holds around 1.8 million shares of Square, worth around $500 million as of June 30, 2021. Square’s exposure to Bitcoin has been a key driver of its growth, and the company is expected to continue to benefit from the cryptocurrency’s rising popularity.
MicroStrategy is a software company that made headlines last year when it announced that it had invested $425 million in Bitcoin. ARK Invest’s Next Generation Internet ETF holds around 141,000 shares of MicroStrategy, worth around $41 million as of June 30, 2021. MicroStrategy’s CEO, Michael Saylor, is one of the most vocal supporters of Bitcoin, and his company’s investment in the cryptocurrency has been a major factor in its recent success.
In conclusion, Cathie Wood’s exposure to Bitcoin is primarily through the Grayscale Bitcoin Trust and her investments in Bitcoin-related companies. While the exact amount of Bitcoin she owns is unknown, her investments in these companies suggest that she is bullish on the cryptocurrency’s long-term prospects. With the growing adoption of Bitcoin and other cryptocurrencies, Cathie Wood’s investments in the space could continue to drive significant returns for her investors.