Cathie Wood’s Ark Invest Loads Up on HOOD as BTC Buying Slows

Ark Invest, led by Cathie Wood, is shifting gears. While still bullish on Bitcoin's long-term trajectory, the firm has made a sharp move into equities—most notably with a $10 million buy-in to Robinhood stock following the trading platform’s better-than-expected Q1 results.

According to updates from Ark Invest tracking sources, the fund added over 210,000 shares of Robinhood (HOOD) just after the company reported quarterly revenue nearing the $1 billion mark.

The purchase, made through the ARK Innovation ETF (ARKK), comes as HOOD shares slipped 5% to $46.62, giving Ark an attractive entry point.

Robinhood wasn’t the only target. The firm also acquired positions in Advanced Micro Devices (AMD), 10X Genomics, and Guardant Health.

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At the same time, Ark trimmed holdings in companies like Palantir, Roblox, and Veracyte, signaling a strategic portfolio reshuffle. Its autonomous tech ETF added exposure to Aurora Innovation while dialing back on defense firm Kratos.

Interestingly, the recent flurry of stock buys comes as Ark eases back on Bitcoin accumulation. The firm has paused BTC purchases and pivoted toward other digital assets like Solana, a sign that its crypto strategy is broadening.

This shift may reflect caution over economic headwinds or simply tactical rebalancing to capture new market momentum.

Still, Ark remains confident in Bitcoin’s future. Despite a temporary retreat, it maintains sky-high long-term forecasts—projecting BTC could hit $710,000 in a base case and over $1 million by 2030. For now, with Bitcoin holding strong around $96,000, Ark’s diversification hints at a firm keeping one eye on the future and the other on the opportunities in front of it.

Alexander Stefanov