Ark Investment Management CEO Cathie Wood has added $26.1 million worth of a declining crypto-related stock, continuing her strategy of buying on pullbacks. Known for trimming positions after strong rallies and accumulating during downturns, Wood recently sold $40 million in Tesla shares to lock in profits.
The latest purchase reflects her conviction in long-term innovation themes despite short-term volatility. Wood rose to prominence after Ark Innovation ETF delivered a 153% return in 2020. As of December 19, the ARKK fund is up 39.39% year-to-date, significantly outperforming the S&P 500’s 16.2% gain, reinforcing her high-risk, high-reward investment approach.
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