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Cathie Wood buys surging crypto stock despite latest controversy

Cathie Wood buys surging crypto stock despite latest controversy

Cathie Wood‘s investment firm ARK Invest bought 28,589 shares of Robinhood Markets (Nasdaq: HOOD) worth approximately $3.6 million on Sep. 4.

A veteran investor, Wood is a prolific trader of crypto-linked equities such as Circle Internet Group (NYSE: CRCL), Bullish (NYSE: BLSH), Block Inc. (NYSE: XYZ), Bitmine Immersion Technologies (NYSE: BMNR), etc.

Wood bought Robinhood shares as the company got involved in a controversy with the entertainment giant, AMC Entertainment Holdings (NYSE: AMC).

Related: Man turns Robinhood-AMC feud into $2 million gain in 12 hours

AMC CEO threatens legal action, Robinhood stands ground

Robinhood is an e-brokerage platform popular among young…

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