Ark Invest buys $12.5 million of Bullish stock in four days
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Ark frequently uses broader digital asset downturns, which tend to pull crypto equities lower, as an entry point into cryptocurrency companies.
By Jamie Crawley|Edited by Oliver Knight
May 22, 2026, 10:45 a.m. 1 min read
- Ark Invest bought $5 million worth of Bullish (BLSH) stock on Thursday, the fourth day in a row it has added BLSH shares.
- Cathie Wood’s investment manager has purchased $12.5 million worth of shares in the crypto group.
- BLSH shares closed 0.2% lower at $35.96 on Thursday.
Ark Invest bought $5 million worth of Bullish (BLSH) stock on Thursday, the fourth day in a row it has added BLSH shares to its exchange-traded funds (ETFs).
Cathie Wood’s investment manager has purchased $12.5 million worth of shares in the crypto group, which is also CoinDesk’s parent company, since Monday based on the stock’s closing prices, according to emailed disclosures.
BLSH shares closed 0.2% lower at $35.96 on Thursday, having fallen more than 17% in the last two weeks, a period in which bitcoin BTC$77,349.71 struggled to break above the $80,000 resistance.
Ark frequently uses broader digital asset downturns, which tend to pull crypto equities lower, as an entry point into cryptocurrency companies.
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