Ark Invest Doubles Down: Cathie Wood’s Firm Expands Bullish Holdings Amid Equity Market Rally
Cathie Wood's Ark Invest isn't just riding the wave—it's buying the whole beach. The famed investment firm has significantly expanded its position in Bullish, the cryptocurrency exchange operator, as its stock price surges in lockstep with the broader equity rally. This move signals a deepening conviction in the digital asset infrastructure play, even as traditional markets catch their breath.
Betting on the Exchange, Not Just the Asset
Ark's latest filings reveal a strategic accumulation of Bullish shares. The play here is clear: instead of just stacking Bitcoin or Ethereum, Wood's team is backing the picks and shovels—the platforms where the next generation of financial transactions will occur. It's a classic Ark move, targeting disruptive infrastructure before the mainstream fully grasps its potential. They're not just buying a stock; they're buying a seat at the table for the future of finance, or at least the future of speculative trading fees.
The Rally's Ripple Effect
Bullish's stock performance has mirrored the recent equity market upswing, creating a tailwind for Ark's bold bet. This correlation highlights a growing, if sometimes inconvenient, truth for crypto purists: digital asset ventures remain tethered to traditional market sentiment. When Wall Street sneezes, Crypto Street still gets a cold—or at least a noticeable dip in its portfolio's nominal value. Ark's expansion during this rally suggests a belief that this synergy is a feature, not a bug, for regulated crypto enterprises.
A Calculated Contrarian Stance?
While the broader market cheers the rally, Ark's move feels like a calculated, forward-looking wager. They're looking past the daily charts and positioning for an era where crypto exchanges evolve into comprehensive financial hubs. It's a vote of confidence in the maturation of the sector, betting that companies like Bullish will transition from volatile growth stocks to foundational financial utilities. Or, in less charitable terms, they're banking on the finance industry's remarkable ability to repackage, regulate, and profit from every disruptive trend that comes its way—eventually turning rebels into respectable revenue streams.
So, while traders chase the rally's momentum, Ark Invest is quietly building a position for the next phase. Whether this proves visionary or merely optimistic depends entirely on whether the crypto winter has truly thawed or if this is just another false spring for the bulls.
Ark Invest expands Bullish bets, rebalances portfolio
The recent purchase followed its acquisition of 716,030 shares of Bullish across three flagship ETFs while reducing its Coinbase Global position.
In the first acquisitions on Thursday, ARK purchased Bullish shares for $17.8 million. These purchases were spread across the ARK Fintech Innovation ETF, ARK Next Generation Internet ETF, and ARK Innovation ETF. ARK also sold around 119,236 Coinbase shares for $17.4 million the same day. This was the first Coinbase sale for ARK since August 2025 and the first of 2026.
ARK added further disposals to its Coinbase sale on Friday. The firm sold 8,945 shares of ARKF, 32,790 shares of ARKW, and 92,737 shares of ARKK. The Friday sales totaled 134,472 shares, valued at almost $22.1 million.
A total of 134,472 shares, valued at almost $22.1 million, were sold on Friday. In two days, ARK sold over $39 million in Coinbase stock, in addition to Thursday’s transactions.
Ark Invest Tracker revealed on X that on February 9, Cathie Wood’s Ark Invest made several notable moves across its ETFs, adding to its bullish positions while rebalancing other holdings.
ARKK (Innovation ETF) added 372 shares of Tempus AI (TEM), 156,272 shares of Recursion Pharmaceuticals (RXRX), and 104,109 shares of Roblox (RBLX). The company also reduced its holdings in PagerDuty (PD, 120,591 shares) and Trade Desk (TTD, 20,651 shares).
Ark purchased 2,114 shares of Kodiak AI (KDK) in the Autonomous Technology & Robotics ETF (ARKQ) while selling Qualcomm (QCOM) in small quantities.
ARKW saw purchases of 27,263 shares of Roblox, while Qualcomm (196 shares), Trade Desk (3,506 shares), PagerDuty (26,534 shares), Pinterest (PINS, 22,885 shares), and GitLab (GTLB, 25,880 shares) were sold.
In ARKG (Genomic Revolution ETF), Ark added 72 shares of Tempus AI. In comparison, ARKF (Fintech Innovation ETF) bought 14,231 shares of Roblox, 54,600 shares of Tharimmune (THAR), and 6,158 shares of Bullish, while selling Global-E Online (GLBE, 97 shares) and Pinterest (23,915 shares).
Market rebound boosts stocks, Bitcoin slides
According to Google Finance data, Ark’s recent share purchases came as the stock surged 16.76% to close at $32.05,
The purchases coincided with a global equity market rebound on Monday.
Bullish was much higher than its previous closing of $27.45, trading between $27.96 and $32.41 during the day. Part of the day’s gains were trimmed as the stock fell 0.97% to $31.74 in after-hours trading. Other stocks also surged on Monday, with Bitmine Immersion Technologies up 4.79%, Palantir Technologies up 5.16%, Circle Internet Group up 5.36%, and CleanSpark up 1.09%.
U.S. equity indices reflected modest gains alongside these individual stock surges. The S&P 500 increased 0.47% to 6,964.82, while the Dow Jones Industrial Average increased 20.20 points (0.04%) to 50,135.87.
The NYSE Composite gained 0.38% to 23,340.74, the Nasdaq Composite ROSE 0.90% to 23,238.67, and the Russell 2000 Index rose 0.70% to 2,689.05.
Meanwhile, bitcoin (BTC) was trading at about $69,786, down 1.36% from the previous day, as of 10:10 p.m. ET on Monday. The cryptocurrency fluctuated throughout the day, ranging from about $68,500 to $71,000.
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