Ark Invest Acquires $177 Million Stake in Bullish Amid Crypto Exchange’s IPO Surge

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2025-08-14 19:32:03

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Cathie Wood's Ark Invest has significantly expanded its crypto market exposure with a $177 million purchase of Bullish (BLSH) shares during the exchange's high-profile IPO. The investment firm acquired 2.53 million shares across three ETFs—ARKK, ARKW, and ARKF—as Bullish debuted at $37 before skyrocketing to $118 intraday.

Bullish, which operates a cryptocurrency exchange and owns CoinDesk, mirrors the explosive trajectory of Circle's recent IPO. The exchange's shares stabilized near $75 by Thursday afternoon, valuing Ark's position at approximately $189 million. This move underscores institutional confidence in crypto infrastructure plays despite volatile market conditions.

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