Ark Invest bought Robinhood and Bitcoin stocks.

Ark Invest, led by Cathie Wood, has made significant purchases by turning market fluctuations into opportunities. Notably, Ark Invest has attracted attention with its investments in Bitcoin and Robinhood stocks, purchasing a total of $15.4 million worth of shares, capitalizing on the decline in Robinhood stock prices.

On Thursday, Robinhood (HOOD) shares fell by 9.1%, drawing the attention of investors. Ark Invest strengthened its position by purchasing a total of 124,427 Robinhood shares during this session. These purchases were made through Ark Invest's two main funds. A total of 96,048 Robinhood shares were added to the Ark Innovation ETF (ARKK) portfolio, while 28,379 shares were acquired for the Ark Next Generation Internet ETF (ARKW).

According to recent data analysis, Robinhood is the seventh largest asset in the Ark Innovation ETF (ARKK) fund, with a weight of 4.4%. This position corresponds to approximately $351.6 million in value. In the Ark Next Generation Internet ETF (ARKW) portfolio, Robinhood ranks seventh after Coinbase, holding a weight of 4.7%, valued at $106.9 million. Ark Invest's investment strategy dictates that no single asset should constitute more than 10% of the funds, hence, they continue to 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 acquired 13,700 shares of ARKB, making an additional investment of $417,000. The ARKB shares closed down 0.8% in the last session, while a total of $77.5 million in net outflows was experienced across spot Bitcoin ETFs in the U.S. The price of Bitcoin is currently trading around $92,500 according to the latest data.

Cathie Wood's strategic moves at Ark Invest reveal opportunities for investors in Robinhood and Bitcoin. As market fluctuations increase, critical levels and strategies for investors to monitor become highly important.