Ark Invest Extends Bullish Buying Streak With Fresh Crypto Equity Purchases

Cathie Wood’s Ark Invest continued building its exposure to crypto-related equities, adding more shares of Bullish and Circle as part of a sustained accumulation strategy.

Ark Invest Buys Bullish Shares for Tenth Consecutive Session

The asset manager purchased 364,044 shares of Bullish across three exchange-traded funds, representing roughly $11.6 million based on the latest closing price. The move marks the tenth straight trading day Ark has increased its stake in the Peter Thiel-backed digital asset exchange.

Bullish shares recently rebounded 28.3% over a five-day stretch after closing at a low of $24.90 on Feb. 9. The stock ended Wednesday at $31.88, down 0.5% on the day.

Additional Investment in Circle Stock

Ark also acquired 75,559 shares of Circle, valued at approximately $4.4 million. Circle closed at $57.86, falling 3.2% during the session despite a 7.8% gain over five days. However, the stock remains down 30% over the past month.

Broader markets were subdued, while Bitcoin traded near $67,143 and Ether hovered around $1,968.

Disclaimer

This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.