Ark Invest Doubles Down: Snaps Up $172M in High-Flying Stock After 83.8% Rocket Ride
Bold money meets meteoric momentum—Cathie Wood’s Ark Invest just dropped $172 million on a stock that’s already screaming past the competition. No timid 'wait-and-see' here.
### The Bet Behind the Buy
When a stock surges 83.8% in a choked market, most funds hit pause. Not Ark. Their latest move screams conviction—or FOMO dressed as strategy. Either way, it’s a masterclass in aggressive optimism.
### Why This Stings Wall Street’s Ego
Traditionalists hate this playbook: chasing rallies breaks every gray-haired rule. But Ark’s not playing for quarterly pats on the back—they’re hunting decade-defining wins. Even if it means swallowing a 52-week high whole.
### The Cynic’s Corner
Let’s be real—this could be genius or glorified yield-chasing. In finance, the line between visionary and bagholder blurs faster than a meme stock chart.
Bullish Stock Jumps on First Day
Bullish, a Gibraltar-headquartered exchange founded in 2021 and backed by billionaire tech investor and PayPal co-founder Peter Thiel, priced its initial public offering (IPO) at $37 per share, above projections.
On Tuesday, August 12, it opened at $90, soaring 200% at the start, before closing Wednesday at $68. After-hours trading added another 11.2%, per Yahoo Finance.
In the IPO, the company raised $1.1 billion and planned to use the proceeds in corporate growth, working capital, and possible acquisitions. Bullish is an attempt to offer a regulated, institutional-level trading platform, and it is poised to grow in a more accommodative U.S. regulatory environment.
“Bullish came out with an attractive initial valuation, and investors responded by aggressively bidding it up,” said Jeff Zell of IPO Boutique.
Ark’s high-profile purchase signals strong confidence in Bullish’s long-term prospects, as investors return to crypto-linked equities following a wave of positive sentiment in the sector.
Also Read: Cathie Wood’s Ark Invest Adds 262K Block Shares Amid Price Slump
