Ark Invest Acquires $10 Million Stake in Bullish Crypto Exchange Ahead of Earnings
Cathie Wood's Ark Invest made a significant move in the crypto space, purchasing $10.2 million worth of Bullish (BLSH) shares across three ETFs on November 17. The investment firm allocated 191,195 shares to ARKK, 56,660 to ARKW, and 29,208 to ARKF, signaling continued confidence in digital asset infrastructure despite the exchange's 4.5% price drop that day.
The acquisition comes as Bullish prepares to report Q3 earnings, following a strong Q2 showing with $57 million in adjusted revenue. Ark's latest buying spree reflects its aggressive crypto strategy, having invested $31.7 million in crypto-related stocks just days earlier. Peter Thiel-backed Bullish represents a strategic play on institutional crypto adoption through its NYSE-listed platform.
