ARK Invest's Cathie Wood Buys $17.8M in Coinbase, $11.2M in Robinhood, 176,963 Amazon Shares Amid Market Slump

ARK Invest, led by Cathie Wood, made significant purchases during a recent market downturn on August 5, 2024.

The firm acquired 176,963 shares of Amazon (AMZN), 52,239 shares of Palantir (PLTR), and 681,885 shares of Robinhood (HOOD).

Additionally, ARK Invest purchased $17.8 million worth of Coinbase (COIN) and $11.2 million of Robinhood, marking its first investments in these stocks since earlier this year.

The buying spree occurred amidst a notable slump in the market, with ARK taking advantage of lower prices to strengthen its positions in several key stocks, including Meta (META) and other cryptocurrency-related assets.

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