Ark Invest is purchasing shares of Bullish, a crypto-linked company, over several recent trading days. CoinDesk reports that Ark buys $12.5 million of Bullish stock over four days, describing the firm’s approach as often taking advantage of broader crypto market downturns that can also weigh on crypto-related equities. The Block adds more detail on a specific purchase during a down session: Ark buys another $5 million in Bullish shares as the stock slides roughly 3%. According to The Block, Ark purchases a total of 139,117 shares worth about $5 million across three of its exchange-traded funds on Thursday. Taken together, the reports indicate continued buying activity by Ark across multiple ETFs, with purchases occurring while Bullish’s share price is under pressure. Both accounts frame the transactions as part of Ark’s strategy toward crypto-related equities, rather than responding to a single isolated news event about Bullish.
Ark Invest buys more Bullish shares amid Bullish stock decline
Ark Invest is purchasing shares of Bullish, a crypto-linked company, over several recent trading days. CoinDesk reports that Ark buys $12.5 million of Bullish stock over four days, describing the firm...
- Ark Invest buys Bullish shares over multiple days.
- CoinDesk reports total purchases of $12.5 million over four days.
- The Block reports another $5 million purchase as Bullish stock falls about 3%.
- The Block says Ark buys 139,117 shares worth about $5 million across three ETFs on Thursday.
- The purchases occur through Ark’s exchange-traded funds rather than a single vehicle.
Ark frequently uses broader digital asset downturns, which tend to pull crypto equities lower, as an entry point into cryptocurrency companies.
3 months agoArk Invest bought a total of 139,117 shares of Bullish, worth about $5 million, across three of its ETFs on Thursday.
3 months ago
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