Scan to download
BTC $77,536.48 +0.94%
ETH $2,142.58 +1.23%
BNB $649.97 +1.66%
XRP $1.38 +0.68%
SOL $86.73 +2.43%
TRX $0.3583 +1.02%
DOGE $0.1045 +0.72%
ADA $0.2506 +0.75%
BCH $373.32 +1.59%
LINK $9.66 +1.53%
HYPE $52.12 +6.88%
AAVE $88.91 +0.09%
SUI $1.07 +1.92%
XLM $0.1443 -0.56%
ZEC $660.18 +14.62%
BTC $77,536.48 +0.94%
ETH $2,142.58 +1.23%
BNB $649.97 +1.66%
XRP $1.38 +0.68%
SOL $86.73 +2.43%
TRX $0.3583 +1.02%
DOGE $0.1045 +0.72%
ADA $0.2506 +0.75%
BCH $373.32 +1.59%
LINK $9.66 +1.53%
HYPE $52.12 +6.88%
AAVE $88.91 +0.09%
SUI $1.07 +1.92%
XLM $0.1443 -0.56%
ZEC $660.18 +14.62%

pro

Ark Invest bought approximately $4.4 million in bullish stocks on the dip, after the stock fell for five consecutive days

Cathie Wood's investment firm Ark Invest bought approximately $4.4 million worth of Bullish stock through three exchange-traded funds (ETFs) over the trading days on Monday and Tuesday.According to Ark's daily trading disclosures and the closing prices on those days, Ark purchased 52,308 shares on Monday and 69,712 shares on Tuesday, involving the three ETFs: Innovation ETF (ARKK), Next Generation Internet ETF (ARKW), and Blockchain and Financial Technology Innovation ETF (ARKF). This purchase occurred after Bullish's stock price had been declining consecutively. Over the past five trading days, Bullish's stock price has dropped a total of 15.4%, with a rebound of 1.88% on Tuesday, closing at $36.23. Despite the slight recovery, the stock has still fallen 16.7% over the past month.Ark actively adjusts its ETF holdings to ensure that no single stock accounts for more than 10% of the fund's portfolio. When certain asset values fluctuate significantly, a rebalancing of weights is conducted, and this increase in holdings falls under that routine management operation.On the fundamental side, Bullish disclosed mixed results for the first quarter last week. The company reported a net loss of $604.9 million, nearly doubling the loss from the same period last year, but adjusted revenue increased from $62.4 million a year ago to $92.8 million. CEO Tom Farley pointed out that the recent acquisition of Equiniti for $4.2 billion is a potential growth catalyst, aimed at integrating Bullish's tokenization technology stack with regulated agencies to create a comprehensive blockchain-enabled issuance service provider.Background information shows that Bullish went public in August 2025, issuing 30 million shares at a price of $37 per share. According to Bitcoin Treasuries data, the company remains the sixth largest publicly traded holder of Bitcoin, holding approximately 24,300 BTC.
app_icon
ChainCatcher Building the Web3 world with innovations.