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Benzinga
Benzinga
Business
Rachit Vats

Cathie Wood Raises Stake In Robinhood, 2 Other Crypto-Linked Stocks On The Dip

Cathie Wood Robinhood Coinbase Nasdaq Ark Invest Ark Investment Ark Investment Management Block Coinbase Global Inc NYSE

Cathie Wood-led Ark Investment Management on Thursday scooped up more shares in cryptocurrency-linked companies Robinhood Markets Inc (NASDAQ:HOOD), Coinbase Global Inc (NASDAQ:COIN) and Block Inc (NYSE:SQ) on the dip.

The popular money manager bought 255,670 shares — estimated to be worth $2.7 million — in Robinhood. Shares of the financial platform company that deals in stocks, exchange-traded funds and cryptocurrencies closed 2.6% lower at $10.6 on Thursday.

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