Cathie Wood's Ark Invest Buys 2.5 Million Robinhood Shares After Its Crypto Wallet Launch

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Cathie Wood's Ark Invest Buys 2.5 Million Robinhood Shares After Its Crypto Wallet Launch
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ICYMI: Ark Invest buys a whopping 2,447,100 of Robinhood shares as they plunged 3.1% Bitcoin $HOOD $DOGE

As reported by U.Today earlier, on Jan. 21, the company kicked off the long-awaitedThe recent tweet posted by Dogecoin cofounder Billy Markus, in which he explained why the launch of crypto wallets by Robinhood is a"huge deal" for DOGE, earned a like from Elon Musk.

Markus believes that now that the wallets' beta trials have been launched, users of Robinhood will stop viewing the leading canine crypto coin as only a speculative investment tool. Now, with these wallets, Markus says, the flagship meme crypto can be used for tipping, making payments, trading and other purposes.

Dogecoin is already accepted by Tesla e-car manufacturing giant for some of its merchandise, as well as multiple other businesses, including Mark Cuban's Mavericks team. Elon Musk recently addressed McDonald's, tweeting that he would eat a Happy Meal on TV if it began to accept the canine crypto. The fast food giant refused; however, its rivals, King Burger and MrBeast Burger, demonstrated interest in accepting DOGE and responded to that tweet.

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