Ark Invest Buys Another $5 Million in Bullish Shares Despite Stock Decline

Ark Invest, led by Cathie Wood, has increased its investment in crypto-focused financial company Bullish, purchasing roughly $5 million worth of shares despite recent weakness in the stock price.

According to the firm’s latest trading disclosure, Ark bought 139,117 Bullish shares across three of its exchange traded funds ARK Innovation (ARKK), ARK Next Generation Internet (ARKW), and ARK Fintech Innovation (ARKF).

The latest purchase adds to Ark’s growing position in Bullish after the investment company reportedly acquired around $4.4 million in shares earlier this week.

Bullish Stock Drops Despite Institutional Buying

Bullish shares closed down 2.73% at $35.96 on Thursday. The stock has fallen nearly 9% over the past five trading sessions and is down more than 14% over the last month, showing continued pressure despite institutional interest.

Bullish Reports Mixed First-Quarter Performance

The recent buying activity followed Bullish’s mixed first-quarter earnings report. The company posted a net loss of $604.9 million, nearly double the loss recorded during the same period last year.

However, adjusted revenue improved to $92.8 million, rising from $62.4 million a year earlier.

Bullish also recently announced a $4.2 billion acquisition of Equiniti, a move CEO Tom Farley said could strengthen the company’s tokenization and institutional finance strategy.

The company went public in August 2025 and remains among the largest public corporate holders of Bitcoin, holding around 24,300 BTC.