Key Notes
- Ark Invest brought over 2.5 million shares of the Bullish IPO.
- Bullish stock rallied 84% on the day of its launch.
- Ark’s three leading ETFs see mixed reactions from the investors.
Bullish, a Cayman Islands-based cryptocurrency exchange, launched its stock, BLSH, in an initial public offering on Aug. 13.
The IPO gained strong attention from investors, including Ark Invest, an investment management firm led by Cathie Wood.
According to an X post by Ark Invest Daily, Wood’s company bought over 2.53 million shares of BLSH stock. While the exact price per share hasn’t been disclosed, the purchase is valued at $172.2 million as the price chart closed at the $68 mark, bringing an 84% rise right after the launch.
Here’s every move Cathie Wood and Ark Invest made in the stock market today 8/13 pic.twitter.com/UStxQzSn36
— Ark Invest Daily (@ArkkDaily) August 14, 2025
Ark Invest accumulated the Bullish shares through multiple funds: 1.71 million by ARKK, 545,416 by ARKW, and 272,755 shares were purchased through its ARKF fund.
Ark Invest’s CEO Wood, who is known for investing in emerging tech firms, seems to have brought strong momentum to the Bullish stock.
However, the three funds that purchased BLSH shares are seeing mixed reactions from investors.
ARKK gained 0.04% to $77.94. ARKF saw a 0.63% rise to $55.62. On the other hand, the ARKW fund declined by 0.12% and is trading at $162.15.
On Aug. 12, Ark Invest purchased 262,463 shares of Jack Dorsey’s Block Inc. Last month, it acquired $20 million worth of ETH Treasury Firm Bitmine shares.
Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.
Wahid has been analyzing and reporting on the latest trends in the decentralized ecosystem since 2019. He has over 4,000 articles to his name and his work has been featured on some of the leading outlets including Yahoo Finance, Investing.com, Cointelegraph, and Benzinga. Other than reporting, Wahid likes to connect the dots between DeFi and macro on his newsletter, On-chain Monk.
