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Ark Invest offloads $5m Robinhood stock in profit-taking move to invest in Tom Lee’s BitMine

Ark Invest is upping its crypto risk appetite. Cathie Wood’s future-themed investment firm trimmed 5millioninlongheldbluechipfavouriteRobinhoodoverthepastweek,accordingtothefirm.Atthesametime,itaddednearly5 million in long-held bluechip favourite Robinhood over the past week, according to the firm. At the same time, it added nearly 30 million of exposure to Tom Lee’s crypto treasury company BitMine, and Peter Thiel-backed digital assets platform Bullish. Ark Invest is “definitely comfortable sliding down the risk curve, ”Spencer Yang, managing partner at crypto investment firm BlockSpaceForce, told DL New ...