Crypto Bull Buys Tesla, Robinhood, Coinbase Shares Amid Silvergate Setback
Crypto bull Cathie Wood remains bullish on Bitcoin and other top cryptocurrencies despite the damage caused by Silvergate Bank’s decision to shut down. Cathie Wood’s investment management firm Ark Invest purchased additional shares of Elon Musk’s electric vehicle manufacturer Tesla, crypto exchange Coinbase, and trading firm Robinhood.
Ark Invest purchased a total of 69,329 Tesla (TSLA) shares as the price dipped to $180 amid price cuts and steering wheel investigation. Cathie Wood’s Ark Invest purchased 51,960 Tesla stocks for its ARK Innovation ETF (ARKK) and 17,369 Tesla stocks for ARK Next Generation Internet ETF (ARKW), according to transactions seen by CoinGape.
Tesla (TSL) stock price rises marginally on Thursday after the market rises due to an increase in unemployment claims in February, with the price currently trading at $182.
Moreover, Ark Invest purchased 268,086 Robinhood (HOOD) shares for ARKW as the price continues to remain low amid crypto market uncertainty. Cathie Wood’s Ark Invest fund also purchased 1,058,281 Robinhood stocks on March 7 and 219,883 stocks on March 6.
Robinhood (HOOD) stock price has climbed 1% today, with the price trading under $10.
Cathie Wood is highly bullish on Coinbase amid the latest developments related to the crypto exchange firm. The new Ethereum Layer-2 blockchain Base and acquisition of One River Digital Asset Management made Ark Invest purchase Coinbase shares more than any other shares.
Ark Invest purchased 55,599 Coinbase (COIN) shares in total recently. Cathie Wood’s Ark Invest purchased 47,568 Coinbase stocks for its ARK Innovation ETF (ARKK) and 8,031 Coinbase stocks for ARK Next Generation Internet ETF (ARKW).
With the latest Coinbase shares purchase, the total reaches 211,634 this month. Ark Invest purchased a total of 722,942 Coinbase (COIN) stocks in February. COIN price is trading sideways near the $62 level.
Also Read: Poloniex Lists Top Shiba Inu Ecosystem Token Bone Shibaswap (BONE)
- Robinhood Lists HYPE As Hyperliquid Flips Aster, Lighter In Perp DEX Volume
- Expert Warns More Crypto Bloodbath Ahead of CPI Data Tomorrow
- US President Promises Deal With China on Everything As ‘Trump Insider’ Begins To Close Bitcoin Shorts- Is A BTC Recovery Ahead?
- Just-In: Changpeng “CZ” Zhao Counters Peter Schiff, Says “Tokenizing Gold Is Not On-Chain Gold”
- $240 Million Hacked Crypto Exchange WazirX Reopens Deposits But Faces Community Backlash
- Ethereum Price Poised for Breakout as Wyckoff Re-Accumulation Meets BlackRock’s $110M Purchase
- BNB Price Forecast: Analysts Eye $1500 Ahead of Fresh Coinbase and Robinhood Listings
- XRP Price Classical Pattern Points to a Rebound as XRPR ETF Hits $100M Milestone
- Chainlink Price Eyes $27 Rebound as Whales Accumulate 54M LINK
- Pi Network Price Wedge Signals a Rebound as Key Upgrades Raise Utility Hopes
- Solana Price Eyes $240 Recovery as Gemini Launches SOL-Reward Credit Card
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
