Cathie Wood's Ark Invest has made a significant $14.2 million purchase of Robinhood shares, acquiring 123,336 shares on Monday through its ARK Innovation ETF (ARKK). This follows a $9 million investment just three days prior, increasing Robinhood's weighting in the ETF to 4.09%.
The aggressive buying spree reflects Ark's confidence in Robinhood's disruptive potential, particularly its explosive crypto performance. Robinhood reported a 98% year-over-year surge in crypto revenue to $160 million in Q2 2025, driven by a 32% increase in crypto trading volume reaching $28 billion. The platform's user base also grew significantly to 26.5 million in July.
Robinhood's strategic expansions include the acquisition of crypto exchange Bitstamp and investment platform WonderFi, enhancing its institutional offerings. The company also launched USDG, a regulated stablecoin, and operates a Layer 2 blockchain enabling near-instant settlements. Despite regulatory scrutiny—including an ongoing investigation by Florida's attorney general and a recent $45 million SEC settlement—Robinhood stock has gained 208.7% year-to-date, closing at $115.02 on Monday.
Ark's strategy aligns with its focus on transformative innovation, with recent moves including a $172 million purchase of Bullish shares. Robinhood's AI-powered tools, like Robinhood Cortex, now manage $12 billion in assets and process $15 trillion in annual stablecoin transactions.