Ark Invest Buys More Of HOOD And COIN As Market Rebounds
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As the wider crypto stocks recover, and amidst the recent market rebound, Cathie Wood’s Ark Invest has purchased more Coinbase and Robinhood stocks. The company added 13,833 COIN stocks worth approximately $2.6 million to its portfolio alongside 84,080 HOOD stocks worth over $1.4 million. This comes after the asset manager began repurchasing the stock of the publicly listed crypto exchange. On Aug 5, the company bought 93,797 shares for about $17.8 million. Additionally, Cathie Wood also increased HOOD holdings by 84,080 shares as the company’s stock rose.
