Robinhood

President Donald Trump

Elon Musk

Veteran investor&nbsp;<a href="https://www.thestreet.com/crypto/markets/cathie-wood-has-brutal-response-to-50-bitcoin-crash" rel="noopener noreferrer nofollow">Cathie Wood</a> runs one of the most active funds that regularly trades in crypto-linked equities.
A pioneer in the world of crypto investing,&nbsp;she once revealed that her fund was the first public asset <a href="https://www.thestreet.com/crypto/markets/cathie-wood-makes-her-first-crypto-trade-of-2026" rel="noopener noreferrer nofollow">manager to gain</a><a href="https://www.thestreet.com/crypto/bitcoin" rel="noopener noreferrer nofollow">Bitcoin</a> (BTC) exposure in 2015 when the cryptocurrency wasn't worth even $500.
<a href="https://www.thestreet.com/crypto/markets/cathie-wood-has-brutal-response-to-50-bitcoin-crash" rel="noopener noreferrer nofollow">Related: Cathie Wood has brutal response to 50% Bitcoin crash</a>
While others might be worried by the ongoing Bitcoin winter, Wood recently <a href="https://www.thestreet.com/crypto/markets/cathie-wood-has-brutal-response-to-50-bitcoin-crash" rel="noopener noreferrer nofollow">argued</a> that the 50% crash is considered a "real victory" within the Bitcoin community because it's far better than&nbsp;the 85%-95% crashes during the king coin's earlier years.
ARK Invest also keeps buying and selling&nbsp;crypto stocks such as <a href="https://www.thestreet.com/crypto/policy/coinbase-ripple-urge-senate-committe-to-preserve-genius-rewards" rel="noopener noreferrer nofollow">Coinbase</a> (Nasdaq: COIN),&nbsp;<a href="https://www.thestreet.com/crypto/markets/jack-dorsey-block-halts-trading" rel="noopener noreferrer nofollow">Block </a>(NYSE: SQ), <a href="https://www.thestreet.com/crypto/markets/158-year-old-bank-refuses-to-upgrade-surging-crypto-stock" rel="noopener noreferrer nofollow">Circle Internet Group</a> (NYSE: CRCL), <a href="https://www.thestreet.com/crypto/trading/wall-street-legend-asks-shareholders-to-approve-huge-equity-expansion" rel="noopener noreferrer nofollow">Bitmine Immersion Technologies</a> (NYSE: BMNR), and <a href="https://www.thestreet.com/crypto/stock/peter-thiel-crypto-stocks" rel="noopener noreferrer nofollow">Bullish</a> (NYSE: BLSH).
<h3 id="more-news">More News:</h3>
<ul>
 <li><a href="https://www.thestreet.com/crypto/investing/top-analysts-trim-robinhood-stock-price-target" rel="noopener noreferrer nofollow">Top analysts trim Robinhood stock price target</a></li>
 <li><a href="https://www.thestreet.com/crypto/markets/robinhood-reportedly-cut-out-of-blockbuster-spacex-ipo" rel="noopener noreferrer nofollow">Musk denies reports of Robinhood being cut from SpaceX IPO</a></li>
 <li><a href="https://www.thestreet.com/crypto/markets/elon-musk-showers-love-on-bitcoin-again-after-a-long-hiatus" rel="noopener noreferrer nofollow">Elon Musk showers love on Bitcoin again after a long hiatus</a></li>
</ul>
<h2 id="wood-purchases-tesla-robinhood-shares">Wood purchases Tesla, Robinhood shares</h2>
On Apr. 7, Wood's ARK Invest&nbsp;purchased shares of&nbsp;Elon Musk's <a href="https://www.thestreet.com/crypto/markets/musks-tesla-holds-1-25b-thanks-to-this-asset" rel="noopener noreferrer nofollow">Tesla</a> (Nasdaq: TSLA) and&nbsp;<a href="https://www.thestreet.com/crypto/markets/robinhood-ceo-reveals-plan-to-avoid-another-gamestop-style-trading-halt" rel="noopener noreferrer nofollow">Robinhood Markets</a> (Nasdaq: HOOD).
<ul>
 <li>Tesla:&nbsp;6,944 shares worth $2.4 million</li>
 <li>Robinhood Markets: 182,641 shares worth&nbsp;$12.7 million</li>
</ul>
As Musk himself advocates cryptocurrencies like Bitcoin frequently, Tesla <a href="https://bitcointreasuries.net/public-companies/tesla" rel="noopener noreferrer nofollow">holds</a> 11,509 Bitcoin worth $827.5&nbsp;million currently.
The EV company first disclosed a Bitcoin holding in 2021. The same year, it&nbsp;began to accept Bitcoin payments for vehicle purchases but soon&nbsp;<a href="https://x.com/elonmusk/status/1392602041025843203" rel="noopener noreferrer nofollow">abandoned the policy</a>&nbsp;due to environmental concerns from mining.
Though&nbsp;Tesla sold 75% of its Bitcoin holdings&nbsp;during 2021-22,&nbsp;the company is still among the top publicly listed companies to hold Bitcoin on its balance sheet.
<figure>
 <figcaption>
 Elon Musk, chief executive officer of Tesla Inc., wears a "DOGE" hat during a news conference in the Oval Office of the White House in Washington, DC, US, on Friday, May 30, 2025. 
 Getty Images
 </figcaption>
</figure>
Robinhood, on the other hand, is one of the most popular e-trading platforms that offers cryptocurrencies and tokenized stocks, among other products.
The company, along with&nbsp;The Bank of New York Mellon Corporation (NYSE: BK),&nbsp;was recently <a href="https://www.thestreet.com/crypto/markets/u-s-treasury-taps-bny-robinhood-to-run-trump-accounts" rel="noopener noreferrer nofollow">chosen</a> by the&nbsp;U.S. Treasury Department to help run the Trump Accounts program.&nbsp;Robinhood will take care of the app's user interface and user experience.
Last month, Musk <a href="https://www.thestreet.com/crypto/markets/robinhood-reportedly-cut-out-of-blockbuster-spacex-ipo" rel="noopener noreferrer nofollow">denied</a> news reports of Robinhood being excluded from SpaceX's&nbsp;initial public offering (IPO) which boosted the prospects of the broking firm getting retail allocation of the rocket maker's shares.
Notably, Wood made the latest purchase of Tesla and Robinhood shares on the same day as U.S. President Donald Trump announced a 2-week ceasefire with Iran later in the evening.
The TSLA stock was exchanging hands at $346.86 at press time, up 0.06% in a day.
The HOOD stock was trading at $73.13 at press time, up 5% in a day.
<a href="https://www.thestreet.com/crypto/markets/trump-suspends-iran-8pm-strikes-for-two-week-ceasefire" rel="noopener noreferrer nofollow">Related: Trump suspends Iran strikes, announces 2-week ceasefire</a>

Cathie Wood buys trending tech stocks ahead of U.S.-Iran ceasefire

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