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Crypto Bull Buys Tesla, Robinhood, Shares Amid Silvergate Setback

Crypto bull Cathie Wood remains bullish on Bitcoin and other top cryptocurrencies despite the damage caused by Silvergate Bank’s decision to shut down. Cathie Wood’s investment management firm Ark Invest purchased additional shares of Elon Musk’s electric vehicle manufacturer Tesla, crypto exchange Coinbase, and trading firm Robinhood.

Ark Invest purchased a total of 69,329 Tesla (TSLA) shares as the price dipped to $180 amid price cuts and steering wheel investigation. Cathie Wood’s Ark Invest purchased 51,960 Tesla stocks for its ARK Innovation ETF (ARKK) and 17,369 Tesla stocks for ARK Next Generation Internet ETF (ARKW), according to transactions seen by CoinGape.

Tesla (TSL) stock price rises marginally on Thursday after the market rises due to an increase in unemployment claims in February, with the price currently trading at $182.

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