- Ark Invest increased its stake in crypto exchange operator Bullish to over 1.16 million shares, worth around $73.9 million.
- The ARK Innovation ETF (ARKK) acquired an additional 356,346 shares of Bullish on August 19, valued at $21.2 million.
- Ark Invest has recently bought more than 2.5 million Bullish shares across three ETFs since the company’s public debut.
- The firm also expanded its investment in fintech broker Robinhood with three days of consecutive purchases, totaling about $39.2 million.
- Bullish is the owner of CoinDesk and conducted its $1.15 billion IPO using stablecoins exclusively, an industry first.
Ark Invest has further increased its holdings in crypto exchange operator Bullish, according to the latest company disclosures. As of the recent update, the ARK Innovation ETF (ARKK) now holds 1,165,397 shares of Bullish, bringing its total investment in the company to an estimated $73.9 million based on closing prices.
On August 19, Ark Invest purchased an additional 356,346 shares of Bullish for around $21.2 million, when the stock closed at $59.51 per share in New York. The firm’s previous activity included allocating more than 2.5 million shares in Bullish across three different ETFs during the day of the company’s market debut.
Bullish, which operates a digital asset exchange and owns CoinDesk, recently raised $1.15 billion in its initial public offering (IPO), with all proceeds being in stablecoins—a type of cryptocurrency pegged to traditional assets like the U.S. dollar. This marked the first time an IPO of this size was settled entirely in stablecoins.
In addition to its moves in Bullish, Ark Invest continued building its position in Robinhood, a popular trading platform known for offering access to cryptocurrencies and stocks. The company bought 150,908 shares of Robinhood on Tuesday, valued at $16.2 million when the stock closed at $107.50.
The latest purchase in Robinhood followed two earlier buys, with $14 million invested on Monday and $9 million on the previous Friday. “Robinhood has become one of Ark’s most consistent crypto-adjacent holdings,” according to recent disclosures.
More details about the holdings can be found in Ark’s official documentation.
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