Ark Invest bought Robinhood and Bitcoin stocks.

Ark Invest, led by Cathie Wood, has made significant purchases by turning market fluctuations into opportunities. Especially notable are its investments in Bitcoin and Robinhood shares, with Ark Invest taking advantage of the drop in Robinhood shares to make a total purchase of $15.4 million.

On Thursday, Robinhood (HOOD) shares declined by 9.1%, catching the attention of investors. During this session, Ark Invest purchased a total of 124,427 shares of Robinhood, strengthening its position. These purchases were made through two main funds of Ark Invest. The Ark Innovation ETF (ARKK) added 96,048 shares of Robinhood to its portfolio, while the Ark Next Generation Internet ETF (ARKW) saw a purchase of 28,379 shares.

According to the latest data analysis, Robinhood is positioned as the seventh-largest asset in the Ark Innovation ETF (ARKK) fund, with a weighting of 4.4%, corresponding to approximately $351.6 million. In the Ark Next Generation Internet ETF (ARKW) portfolio, Robinhood ranks seventh again after Coinbase, with a weighting of 4.7% and a value of $106.9 million. Ark Invest's investment strategy dictates that a single asset should not constitute more than 10% of the funds, which is why they frequently adjust portfolio balances based on market movements.

On the same day, Ark Invest also made a purchase for its spot Bitcoin ETF ARKB. The company bought 13,700 shares of ARKB, making an additional investment of $417,000. ARKB shares closed down by 0.8% in the last session, while the U.S. spot Bitcoin ETFs experienced a net outflow of $77.5 million. The price of Bitcoin is currently trading at approximately $92,500.

Cathie Wood’s strategic moves at Ark Invest highlight opportunities for investors in Robinhood and Bitcoin. With increasing market fluctuations, critical levels and strategies for investors to monitor are of great importance.