On September 4, Cathie Wood, founder of Ark Investment Management, purchased 28,589 shares of Robinhood through the Ark Innovation ETF, worth approximately $3.5 million at the day's closing price, reversing her recent selling activity.
Cathie Wood Buys $3.5 Million in Robinhood Stock, Bets on Blockchain Business Growth
TechFlowShare
Summary
Cathie Wood, founder of Ark Investment Management, used on-chain trading signals to purchase 28,589 shares of Robinhood stock on September 4 through the Ark Innovation ETF, totaling $3.5 million. This move signals a return to value investing in crypto following recent sales. The purchase aligns with her focus on blockchain-driven growth. Robinhood closed at $122.33 that day. Wood’s strategy often reflects long-term confidence in digital assets.
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