Ark Invest Cathie Wood buys $ 10 million in Hood shares after strong Robinhood’s profits
After an impressive profit report in the first quarter for Robinhood, ARK Invest worsened $ 10 million for Hood shares. Despite the prediction of a huge bitcoin gathering in the coming months, the investment company diversifies its property to include Robinhood, AMD, 10x Genomics and Altcoins.
Ark Invest Buys 210,714 Robinhood Shares
The ARK Invest increased in Cathy Wood in its bid in the markets during the last day through a major investment in a group of companies. According to X post Written by ARK Invest Daily, the investment company has exacerbated nearly $ 10 million to buy 210,714 shares from Robinhood Markets Inc. (Hood).
The heavy acquisition follows the release of the Robinhood profit report for Q1 2025. Robinhood’s profits won Wall Street’s total revenue expectations within a billion dollar in piles in the first three months of 2025.
ARK Invest raised 210,714 covering installments as the shares were traded at $ 46.62, by 5 % during the last day. A great investment has been invested by Ark Innovation ETF (Arkk), a box that invests in sabotage technologies.
Regardless of the purchase of Robinhood shares, the Arkk fund acquired 186,812 shares of Guardant Health for $ 9.1 million. The fund has made large purchases in the advanced genomic devices and 10 times the genome during the last day.
However, ARK Invest has sold great possessions in the Roblox, Vercyte and Palantir group in the past 24 hours. Ark Autonomous Technology & Robotics ETF 184,742 shares from Aurora Innovation Inc. While selling 37,591 at Kratos Defeense and Security Solutions Inc.
Why does the Cathy Woods company reduce Bitcoin’s exposure?
The recent market activities of ARK Invest indicate that the company is diversifying its portfolio. A month ago, the company suspended the purchase of Bitcoin for other Altcoins in a diversification boost.
Ark Invest has gained its first exposure to Solana (Sol) as it continues to diversify. The recent plays in the stock market lead to a variable position for the giant of the investment.
The company may diversify and reduce its BTC exposure in anticipation of the upcoming American stagnation, as it predicted by Cathy Wood. Another reason for stopping BTC purchases may be part of balance in its wallet or smart market maneuver to exploit new opportunities.
Despite the change in the situation, Ark Invest says that Bitcoin can break a million dollars by the end of the contract. The governorate estimates that the company predicts an essential condition of $ 710,000 per BTC and a bear of a bear of $ 300,000 by 2030. At the present time, the price of bitcoin is traded at a mark of $ 96,000 in a strong maker of finger during the past week.
Alio Bokima
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