Cathie Wood's $21 Million Investment Boosts Peter Thiel's Crypto Venture
Ark Invest executed significant trades Tuesday, with major investments in Bullish and Robinhood while reducing Tempus AI holdings.
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Cathie Wood's Ark Invest conducted major trading activity on Tuesday across multiple sectors. The firm acquired 356,346 shares of Bullish, valued at $21.2 million.
Bullish, backed by Peter Thiel, competes with Coinbase in digital asset trading and had an impressive IPO debut at $90.45. Ark also purchased 150,908 Robinhood shares worth approximately $16.2 million, following Monday's similar investment.
However, they sold 113,952 Tempus AI shares for $8.3 million, despite the company's strong Q2 performance showing 89.6% revenue growth to $314.64 million. Additional trades included investments in biotechnology companies and technology firms, reflecting Ark's continued focus on innovative sectors.
Original Article
benzinga.comhttps://www.benzinga.com/etfs/broad-u-s-equity-etfs/25/08/47224984/cathie-woods-21-million-tuesday-move-peter-thiels-crypto-play-gets-boost-in-ark-portfo