3 Crypto Stocks Cathie Wood Can't Stop Buying
Cathie Wood, the founder of Ark Invest and supporter of the tech and crypto sectors, has seen her fair share of criticism as many of the hyper-growth stocks she owns have come crashing down in the face of rapidly rising interest rates.
But to her credit, Wood has stuck to her guns and hasn't backed down, usually buying the dips when stocks she likes come down. Following the FTX debacle, which has pushed many crypto stocks into the gutter, Wood has continued to buy stocks in the sector. Here are three crypto stocks that Ark simply can't stop buying.
Since the large crypto exchange FTX has filed for bankruptcy, resulting in a lot of contagion in the crypto sector, Wood hasn't hesitated. Ark has purchased 1.3 million shares of the large crypto exchange Coinbase Global (NASDAQ: COIN) since the start of November. That brings Ark's stake in the company to 8.4 million shares or roughly 4.7% of all outstanding shares.
Source Fool.com
