Cathie Wood buys $16M worth of crashing crypto stocks
Yahoo Finance·2026-03-04 15:30

Market Overview - The ongoing U.S.-Israel-Iran war is negatively impacting major U.S. stock indexes, with the Nasdaq Composite down 1.02%, S&P 500 down 0.94%, NYSE Composite down 1.77%, and Dow Jones Industrial Average down 0.83% as of March 4 [2] - Cryptocurrency markets are experiencing similar volatility, with Bitcoin (BTC) initially dipping but stabilizing around $68,462 after reaching nearly $69,482 [3] Cathie Wood's Investment Strategy - Cathie Wood, CEO of ARK Invest, is known for purchasing crypto-linked stocks during market dips, demonstrating a willingness to invest amid geopolitical tensions and market volatility [1] - On March 3, ARK Invest acquired 22,452 shares of Coinbase (NASDAQ: COIN) for approximately $4.09 million, and 158,587 shares of Robinhood (NASDAQ: HOOD) valued at about $12.06 million [4][5] Holdings and Portfolio Impact - As of March 3, Coinbase is the sixth-largest holding in ARKK with a 4.21% weighting valued at about $281.2 million, and also ranks third in ARKF with a 5.92% weighting valued at approximately $48 million [6] - Robinhood ranks seventh in both ARKK and ARKF, with weightings of 4.43% and 4.07% respectively, valued at about $36 million and $271 million [7]