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 drawn attention with its investments in Bitcoin and Robinhood shares, having made a total purchase worth $15.4 million by taking advantage of the decline in Robinhood shares.

On Thursday, Robinhood (HOOD) shares fell by 9.1%, attracting the attention of investors. During this session, Ark Invest purchased a total of 124,427 shares of Robinhood, strengthening its position. These purchases occurred 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 28,379 shares bought.

According to the latest 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 the Ark Next Generation Internet ETF (ARKW) portfolio, Robinhood is also ranked seventh after Coinbase, with a weight of 4.7% and a value of $106.9 million. Ark Invest's investment strategy aims for a single asset not to make up more than 10% of the funds, which is why it continues to adjust portfolio balances frequently based on market movements.

On the same day, Ark Invest also made purchases for its spot Bitcoin ETF, ARKB. The company acquired 13,700 shares of ARKB, investing an additional $417,000. ARKB shares closed down 0.8% in the last session, while a net outflow of $77.5 million was experienced across spot Bitcoin ETFs in the U.S. Bitcoin prices are currently trading around $92,500.

Cathie Wood's strategic moves at Ark Invest highlight opportunities for investors in Robinhood and Bitcoin. As market fluctuations increase, the critical levels and strategies that investors should monitor gain significant importance.