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.
The asset management firm has been piling up shares in the commission-free trading app that enables the trading of cryptocurrencies like Bitcoin (CRYPTO: BTC), …
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