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Benzinga
Benzinga
Business
Rachit Vats

Cathie Wood Loads Up $2.9M In This Cryptocurrency-Linked SPAC On Tuesday

Cathie Wood led Ark Investment Management on Tuesday raised its exposure in Concord Acquisition Corp (NYSE:CND), a black-check firm that is expected to take blockchain-focused payments company Circle public in a $4.5 billion merger.

The popular money managing firm bought 278,000 shares — estimated to be worth $2.88 million — in Concord Acquisition Corp on a day the stock closed 1.12% higher at $10.36 a share.

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