Cathie Wood
Cathie Wood's Ark Invest Buys More Coinbase as Stock Has Fallen Over 20% In Past Month
Cathie Wood's Ark Investment Management said in an email it bought 78,982 shares in cryptocurrency exchange Coinbase (COIN), its first investment in the crypto exchange in a month. This comes as Coinbase confirms that its 2022 revenue is on track to be just half of 2021 levels. "The Hash" team discusses what to make of Ark Invest's latest crypto bets.
Cathie Wood's Ark Invest Purchases $1.5M in Grayscale Bitcoin Trust Shares
Cathie Wood's Ark Investment Management bought 176,945 shares ($1.5 million) in Grayscale's Bitcoin Trust (GBTC) on Monday as the crypto market touched a two-year low. Genesis, Grayscale and CoinDesk are owned by Digital Currency Group. "The Hash" panel discusses what to make of Ark's latest crypto bets.
What FTX's Collapse Means for Coinbase
Shares of Coinbase skyrocketed over the past week since rival crypto exchange FTX filed for bankruptcy. Cathie Wood's ARK Investment Management ETF bought 238,000 more shares worth roughly $12.1 million. Oppenheimer Senior Analyst Owen Lau discusses the FTX collapse and whether it could be a positive development for Coinbase.
Could Elon Musk Turn Twitter Into a Super App?
Ark Investment CEO Cathie Wood predicts Elon Musk could turn Twitter into a "super app" following his $44 billion takeover of the social media giant. CoinDesk Executive Director of Global Content Emily Parker discusses China's "super apps" and whether a similar version could succeed in the U.S.
Cathie Wood's Firm Buys More Coinbase Shares as Exchange's Stock Plummets
Cathie Wood’s Ark Investment Management is doubling down on Coinbase Global (COIN), buying up another half a million shares of the crypto exchange Wednesday. This comes as COIN plunged after reporting disappointing first-quarter earnings and outlook. "The Hash" squad discusses Wood's recent track record and the complex relationship between tech stocks and the crypto economy.
Could Bitcoin Price Exceed $1M by 2030?
Predictions for bitcoin to reach $100,000 have been deferred indefinitely as the cryptocurrency has declined about 45% from its all-time high. Yet, new data from Cathie Wood-led Ark Invest suggests its bullish BTC could rise to $1 million over the next decade. "All About Bitcoin" host Christine Lee breaks down the Chart of the Day.
Cathie Wood’s ARK Invest Buys 1.3M Robinhood Shares on Nasdaq Debut
Cathie Wood’s ARK Investment Management scooped up 1.3 million shares of Robinhood (HOOD) after the stock and crypto trading platform debuted on the Nasdaq exchange. HOOD shares closed 8% lower, marking the worst debut ever for an IPO of Robinhood’s size. “The Hash” team discusses Ark Invest’s timing and possible outlook for HOOD.
