Cathie Wood’s Ark Invest has increased its position in Bullish (BLSH) for 10 consecutive trading sessions, signaling sustained conviction in the Peter Thiel-backed crypto exchange.
On February 11, Ark purchased 364,044 shares valued at approximately $11.6 million. Over the full 10-day streak, the firm accumulated roughly 2.1 million shares for a total estimated investment of $58.8 million.
Ark’s accumulation followed a sharp period of volatility in Bullish shares. The stock touched a record low of $24.90 on February 9 before rebounding approximately 28.3% to close at $31.88 on Wednesday.
The timing suggests Ark initiated aggressive buying during price weakness rather than momentum expansion. The consecutive purchases indicate a structured allocation decision rather than opportunistic trading.
The purchases were distributed across three Ark exchange-traded funds:
The multi-fund allocation reflects Bullish’s positioning at the intersection of digital assets, fintech, and internet infrastructure themes.
Ark’s Bullish accumulation is part of a wider shift in its crypto-related holdings. The firm has recently increased exposure to Circle Internet Financial (CRCL) and Robinhood (HOOD), while trimming its stake in Coinbase (COIN).
This repositioning suggests selective rotation within the crypto equity segment rather than broad-based expansion.
Bullish, backed by investor Peter Thiel, also owns the crypto media outlet CoinDesk. In early February, the company reported a quarterly profit of $108 million, reinforcing investor confidence despite broader crypto market volatility.
Ark’s continued accumulation over 10 sessions indicates sustained institutional interest in Bullish’s business model and its positioning within the digital asset exchange landscape.
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