ARK Invest Purchased Approximately $5 Million Worth of Bullish Stocks Yesterday

According to The Block, Ark Invest—led by Cathie Wood—purchased a total of 139,117 shares of Bullish stock on Thursday through its ARKK, ARKW, and ARKF ETFs, valued at approximately $5 million. Combined with the $4.4 million in purchases made earlier this week on Monday and Tuesday, Ark Invest has been steadily increasing its position in Bullish. Despite Bullish’s stock price closing down 2.73% to $35.96 that day—and falling 8.9% over the past five trading days and 14.2% over the past month—Ark Invest continues to add to its stake. Bullish’s recently released Q1 financial results showed its net loss widened to $604.9 million, nearly doubling year-on-year, while adjusted revenue rose from $62.4 million to $92.8 million.