Ark Invest Acquires $21.2 Million in Bullish Shares and $16.2 Million in Robinhood Stocks
Ark Invest has bolstered its investment in Bullish and Robinhood, continuing a trend of heavy buying in both companies.
Key Highlights:
- Ark Invest has expanded its stake in Bullish, now holding over 1.1 million shares valued at around $73.85 million.
- The firm added 356,346 shares of Bullish on August 19, equating to an investment of approximately $21.2 million.
- Ark also acquired 150,908 shares of Robinhood, valued around $16.2 million, marking the third day in a row it purchased shares.
Cathie Wood’s Ark Invest has significantly increased its position in the crypto exchange Bullish (BLSH), now holding 1,165,397 shares valued at about $73.85 million. The purchase of an additional 356,346 shares on August 19, worth roughly $21.2 million, coincided with the stock’s closing at $59.51. This move builds on Ark’s previous purchase of more than 2.5 million shares across several ETFs on Bullish’s debut day.
Additionally, Ark has continued to bolster its holdings in Robinhood (HOOD) with a purchase of 150,908 shares for about $16.2 million at Tuesday’s closing price of $107.50. This marks a consistent increase in their investment, following earlier purchases totaling $14 million on Monday and $9 million on Friday.
Bullish owns CoinDesk.
Read More: Bullish’s $1.15B in IPO Proceeds Was Entirely in Stablecoins—A First for Public Market
