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ARK’s Bitcoin price bet
Cathie Wood’s ARK Invest expects Bitcoin’s price to soar nearly 1,480% to $1.25 million within the next five years, framing the move as a bet on institutional adoption.
“Wood expects Bitcoin’s price to soar nearly 1,480% to $1.25 million within the next five years.”
The Globe and Mail says Wood’s flagship ETFs—ARK Innovation (NYSEMKT: ARKK), ARK Next Generation Internet (NYSEMKT: ARKW), and ARK Fintech Innovation (NYSEMKT: ARKF)—hold shares of crypto stocks such as Coinbase and Robinhood.
The same article says ARK 21Shares Bitcoin ETF (NYSEMKT: ARKB) gives investors direct exposure to Bitcoin (CRYPTO: BTC), which it describes as trading at about $79,000.
It also argues that Bitcoin’s scheduled halving halves mining rewards every four years and that more than 20 million of Bitcoin’s maximum supply of 21 million tokens have already been mined, with the last Bitcoin not expected to be mined until 2140.
The piece adds that Wood points to a potential CLARITY Act framework and to the Securities and Exchange Commission classifying Bitcoin as a digital commodity before other cryptocurrencies.
Miners, stablecoins, and rallies
Crypto’s August rally is described as shifting corporate focus back toward direct Bitcoin exposure, with Bitcoin miners that had spent much of the downturn courting AI investors “once again trading like leveraged bets on BTC.”
TradingView reports that Bitcoin’s August rally lifted beaten-down mining stocks by as much as 67%, and it cites BlocksBridge Consulting’s newsletter saying Bitcoin’s roughly 23% rally in late August outpaced most AI-linked infrastructure stocks.
The same TradingView account says BlocksBridge cited three catalysts for the rally: an expansion of US Treasury liquidity-supporting buybacks, renewed regulatory optimism following a White House crypto meeting, and a sharp short squeeze that liquidated more than $1.6 billion in positions.
It also says 21 major financial institutions—including Bank of America, Goldman Sachs and Citi—plan to establish a new company to develop and issue stablecoins, with a US dollar-denominated stablecoin intended for the first half of 2027.
In that stablecoin plan, TradingView adds that the venture intends to comply with both the US GENIUS Act and the EU’s MiCA regulation, while targeting wholesale, institutional and retail markets for cross-border payments and digital asset settlement.
Corporate treasuries and risk
A separate corporate strategy story says Remixpoint made ¥117.8 million ($746,800) from selling its altcoin holdings and plans to recognize the gain as business-segment revenue in the second quarter of fiscal 2027.
“Remixpoint made ¥117.8 million ($746,800) from selling its altcoin holdings”
Bitget reports that Remixpoint decided to dispose of all its altcoins and become a Bitcoin-only treasury based on market conditions, the assets’ risk-return profiles, and its financial strategy, while still holding roughly 1,506 BTC worth more than $115 million.
The same Bitget article says Remixpoint earned 14.92 BTC in fees between February 24 and August 31, valuing those fees at ¥164.2 million ($1 million) using relevant month-end exchange rates.
It also notes that Bitcoin has struggled to break above $79,000 over the past few days, briefly falling to around $76,500 earlier this week before recovering to trading near $77,700 on Thursday.
Meanwhile, Cointelegraph’s version of the same “Crypto Biz” framing quotes Bitmine chairman Tom Lee saying, “We believe this sets the stage for institutions to add to their crypto holdings given the substantial outperformance versus other macro assets,” even as it describes Bitmine as sitting on roughly $5.1 billion in unrealized losses on its Ether holdings.