📉Ark Invest Buys $5M in Bullish Stock as Crypto Market Weakness Continues
💰Ark Invest has continued buying shares of Bullish (BLSH), investing about $5 million on Thursday alone, marking the fourth straight day of purchases through its ETFs. Since Monday, Cathie Wood’s investment team has accumulated roughly $12.5 million worth of Bullish stock, according to official disclosures. Bullish, which is also the parent company of CoinDesk, saw its shares slip slightly by 0.2% to $35.96 on Thursday, extending a two-week decline of more than 17%
📊During the same period, Bitcoin struggled to move above the $80,000 level, adding pressure on crypto-related stocks. Ark Invest often increases its holdings during market downturns, viewing price drops as buying opportunities in the digital asset sector #StateStreetAcquiresStrategyShares #SkyBridgeCryptoFundLosses #NearDynamicReshardingSurge $BTC $TAO
