Ark Invest buys $4.4 million of Bullish shares amid stock drop

Investment firm Ark Invest has significantly increased its stake in the cryptocurrency exchange Bullish this week, purchasing millions of dollars worth of shares as the stock price declined. The buying activity highlights continued institutional interest in companies providing regulated digital asset infrastructure.

Ark Invest, led by prominent investor Cathie Wood, acquired approximately $4.4 million worth of Bullish shares across two trading sessions on Monday and Tuesday. The purchases were spread across three of the firm’s exchange-traded funds: the ARK Innovation ETF (ARKK), the ARK Next Generation Internet ETF (ARKW), and the ARK Fintech Innovation ETF (ARKF). According to daily trading disclosures, the firm bought 52,308 shares on Monday and an additional 69,712 shares on Tuesday.

The acquisitions occurred during a period of selling pressure for Bullish stock. Before a slight rebound on Tuesday, the share price had fallen 15.4% over the preceding five trading days. Despite the recent uptick, the stock remains down approximately 17% over the past month and continues to trade below its initial public offering price of $37 from August 2025.