Ark Invest Buys More Bullish Shares

Ark Invest has once again increased its position in Bullish shares. The investment firm led by Cathie Wood purchased around $5 million worth of the company’s stock on Thursday, marking the fourth consecutive day of buying Bullish shares for its ETFs.

According to disclosed data, Ark Invest has spent a total of approximately $12.5 million on Bullish stock purchases since Monday. Bullish operates in the cryptocurrency industry and is also the owner of CoinDesk.

Despite Ark Invest’s continued buying activity, BLSH shares remain under pressure. On Thursday, the stock slipped 0.2% and closed the session at $35.96. Over the past two weeks, Bullish shares have fallen by more than 17%.

The broader cryptocurrency market has also faced weakness recently. Bitcoin has struggled to break above the $80,000 level, weighing on the performance of companies tied to the digital asset sector.

Ark Invest has a long history of using market pullbacks as opportunities to increase exposure to crypto-related companies. The firm often buys shares during market corrections, betting on a broader recovery across the sector.