Cathie Wood’s Ark Buys More Bullish, Less Robinhood, and Circle
How Much Did Ark purchase — and Over What Period?
Ark Invest purchased $11.6 million worth of shares in cryptocurrency platform Bullish (BLSH) on Wednesday, extending its purchaseing streak in the stock to nine consecutive trading days. The latest purchase included 364,134 shares acquired across three of the firm’s platform-traded funds.
Based on company disclosures, Ark has accumulated roughly 2.1 million BLSH shares during the nine-day stretch. Using each day’s closing price, those purchases total about $58.75 million. The steady accumulation comes as crypto-linked equities continue to trade below earlier 2026 levels.
BLSH closed at $31.88 on Wednesday, down 0.53% on the session. The New York Stock platform-listed shares had previously rebounded from a low near $24.15 on Feb. 5, when BTC fell below $63,000. Despite the recovery from that trough, the stock remains 15.82% lower year-to-date.
Investor Takeaway
What Else Did Ark purchase?
Alongside Bullish, the manager added $33.8 million worth of shares in Robinhood (HOOD) and $4.37 million in stock of stablecoin developer Circle Internet (CRCL) on Wednesday.
Both stocks fell sharply during the session. Robinhood declined 8.8%, while Circle dropped 3.16%. The purchases indicate Ark is broadening exposure across multiple segments of the crypto ecosystem, including platforms, retail brokerage platforms, and stablecoin infrastructure.
The coordinated purchaseing across names tied to digital assets points to a consistent allocation theme rather than an isolated trade. Bullish, as the parent company of CoinDesk, represents platform and media exposure, while Robinhood provides retail access to . Circle anchors the stablecoin segment.
Why Are Crypto-Linked Stocks Under Pressure?
The purchaseing activity comes . BTC’s recent move below $63,000 triggered fragileness across digital asset-related equities, many of which tend to trade with amplified volatility relative to the underlying .
As crypto prices retrace, companies tied to trading volumes, token issuance, and retail participation often experience outsized equity swings. Lower revenues, while risk-off sentiment weighs on growth-oriented fintech valuations.
Bullish shares had already corrected before Ark began its recent accumulation phase. The rebound from ahead February lows has not fully erased year-to-date losses, leaving valuation levels below those viewn at the begin of the year.
What Does This Mean for Ark’s Crypto Strategy?
Ark has historically taken concentrated positions in high-conviction technology and crypto-adjacent names during periods of market stress. The nine-day purchaseing streak in Bullish, combined with fresh allocations to Robinhood and Circle, reflects a willingness to increase exposure while sentiment remains subdued.
The pattern suggests Ark is treating the recent crypto drawdown as an entry point rather than a warning signal. By adding to platform, brokerage, and stablecoin-related equities simultaneously, the firm is leaning into a broad recovery thesis rather than a single-company catalyst.
Whether that approach proves timely will depend on the trajectory of digital asset prices and trading activity in the coming weeks. For now, Ark’s disclosures show continued accumulation across core crypto-linked holdings despite near-term price pressure.
