On Tuesday, Cathie Wood-led Ark Invest made significant moves by acquiring shares in Bullish (NYSE:BLSH). This strategic decision highlights Ark’s continued confidence in the digital asset platform, following its recent financial performance.
The Bullish Trade
Ark Invest’s acquisition of Bullish shares on Tuesday was executed through two of its ETFs. The ARK Innovation ETF (BATS:ARKK) purchased 80,124 shares, while the ARK Fintech Innovation ETF (BATS:ARKF) acquired 5,648 shares. With Bullish closing at $34.80, the total value of these trades amounted to approximately $2.98 million.
Bullish came out with an impressive third-quarter earnings report in November, where the company exceeded revenue expectations with $76.5 million, surpassing analyst predictions of $71.2 million. Despite a decline in digital asset sales from the previous year, the Peter Thiel-backed company maintained strong momentum. The company is set to report again on February 5, 2026.
Ark’s stake in the digital asset exchange fits its wider push to gain exposure to emerging technologies. At the time of writing, Ark’s Bullish position was valued at $153.1 million, representing 1.14% of the portfolio by weight. On Monday, Ark had purchased 25,565 shares of Bullish.
Other Key Trades:
- Sold 36,958 shares of Twist Bioscience Corp. (TWST) through ARKK.
- Sold 13,677 shares of Kratos Defense and Security Solutions Inc. (KTOS) through ARKQ.
- Bought 4,790 shares of Kodiak AI Inc. (KDK) through ARKQ.
Benzinga Edge Stock Rankings indicate Bullish stock falters on the Short, Medium and Long Price Trends.
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This story was generated using Benzinga Neuro and edited by Shivdeep Dhaliwal
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