Disclaimer: Information found on CryptoreNews is those of writers quoted. It does not represent the opinions of CryptoreNews on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
CryptoreNews covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.
Ark Invest acquires Bullish shares for the ninth consecutive day in a $11.6 million transaction.
Ark acquired approximately 2.1 million BLSH shares over the last nine trading sessions, valued at around $58.8 million based on the stock’s daily closing price.
Ark Invest purchased $11.6 million in shares of cryptocurrency exchange Bullish (BLSH) on Wednesday. (CoinDesk/Nik De)
Key points:
- Ark Invest acquired $11.6 million in shares of cryptocurrency exchange Bullish on Wednesday, marking the ninth straight day the investment firm has purchased the stock.
- During this timeframe, the investment company has acquired approximately 2.1 million BLSH shares, valued at about $58.75 million based on the stock’s daily closing price.
- The firm, led by Cathie Wood, also purchased $33.8 million in shares of the crypto-friendly investment platform Robinhood (HOOD) and $4.37 million in stock of stablecoin developer Circle Internet (CRCL) on the same day.
Ark Invest acquired $11.6 million in shares of cryptocurrency exchange Bullish (BLSH) on Wednesday, continuing a streak of nine consecutive days of increasing its BLSH holdings.
Related Posts
The Florida-based firm purchased 364,134 shares in Bullish, which is the parent company of CoinDesk, through three of its exchange-traded funds (ETFs).
STORY CONTINUES BELOWStay informed with the latest updates.Subscribe to the Crypto Daybook Americas Newsletter today. See all newslettersSign me up
BLSH finished at $31.88 on Wednesday, which represented a decrease of 0.53% for the day. The shares, listed on the New York Stock Exchange, had previously rebounded from a low of approximately $24.15 on February 5 amid a decline in bitcoin’s drop below $63,000. They remain 15.82% lower year-to-date.
Ark has purchased about 2.1 million BLSH shares in the last nine trading sessions, based on disclosures sent via email from the firm, equating to approximately $58.75 million by the daily closing prices.
In addition to Bullish, the company led by Cathie Wood acquired $33.8 million in shares of Robinhood (HOOD) and $4.37 million in stock of Circle Internet (CRCL) on Wednesday. These stocks experienced declines of 8.8% and 3.16%, respectively.
Amid the cryptocurrency’s prolonged downturn, shares of companies related to crypto are also trading at lower levels, which Ark considers a favorable buying opportunity.
