🔥 Ark Invest Buys Bullish Shares for 10 Consecutive Days — A Strong Signal for Crypto’s Future?
Ark Invest, led by Cathie Wood, is once again demonstrating strong conviction in the crypto industry. For the tenth straight day, the firm increased its position in Bullish — the crypto exchange backed by billionaire Peter Thiel.
On Wednesday, Ark purchased a total of 364,044 Bullish shares across its three flagship ETFs, worth approximately $11.6 million based on the latest closing price.
This aggressive accumulation reinforces Ark’s long-term outlook on digital assets, even as markets remain volatile.
📈 Bullish Rebounds from Pressure
After hitting a recent closing low of $24.90 on February 9, Bullish shares have started to recover. Over the past five days, the stock surged 28.3%, before closing at $31.88 on Wednesday (down slightly 0.5% that day).
Ark’s consistent buying amid volatility raises speculation:
Is this a quiet accumulation phase before a larger rally?
💰 Not Just Bullish — Circle Also Accumulated
Ark also expanded its exposure to Circle, the issuer of USDC stablecoin.
The firm bought 75,559 Circle shares, valued at around $4.4 million.
Although Circle shares fell 3.2% on Wednesday to $57.86, the stock is still up 7.8% over the past five days, despite being down roughly 30% month-over-month.
🎯 Strategy Amid Volatility
Ark Invest’s continued accumulation of major crypto companies signals one clear message:
They are betting on the long-term infrastructure of crypto — not short-term price movements.
With Bullish and Circle playing key roles in the global crypto ecosystem, this move could indicate that major institutions still see significant growth potential in the sector.
Is this the beginning of the next bullish phase?
Or simply a long-term positioning strategy in an unstable market?
Time will tell — but Ark has already made its move.
source :
https://www.theblock.co/post/389546/ark-invest-buys-bullish-ten-straight-days