Cathie Wood’s $10M HOOD Bet: Did Ark Just Switch Sides On Bitcoin For Robinhood?
Today’s market news: Cathie Wood & Co have once more loomed grandly over American stock markets, acquiring 210,714 shares of Robinhood Markets Inc., or as it’s known in the tabloids, “HOOD,” for the saucy sum of nearly $10 million. One almost expects the NASDAQ to stage a standing ovation, or perhaps a good old-fashioned fainting spell. According to a post by Ark Invest Daily (presumably delivered by gilded carrier pigeon), this acquisition could pass as a novel’s plot twist—sudden, opulent, faintly scandalous. 🧐