The post Ark Invest Buys More Of HOOD And COIN As Market Rebounds appeared first on Coinpedia Fintech News
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.