ARK Invest's Cathie Wood scoops up more than $60 million in DraftKings shares

Published Wed, Aug 25 20217:56 AM EDTUpdated Wed, Aug 25 20219:41 AM EDT

Cathie Wood, chief executive officer and chief investment officer of ARK Investment Management LLC, speaks during the Sooner Than You Think conference in the Brooklyn borough of New York on Tuesday, Oct. 16, 2018.

Alex Flynn | Bloomberg | Getty Images

Closely followed innovation investor Cathie Wood on Tuesday purchased north of $60 million worth of DraftKings stock.

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