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Ark Invest increased holdings by approximately $5 million in Bullish stocks yesterday
Deep Tide TechFlow News, May 22, according to The Block, Cathie Wood's Ark Invest bought a total of 139,117 shares of Bullish stock through its three ETFs, ARKK, ARKW, and ARKF, on Thursday, worth approximately $5 million. Including the $4.4 million purchased on Monday and Tuesday this week, Ark Invest has been continuously increasing its Bullish holdings recently. Although Bullish's stock price closed down 2.73% at $35.96 on that day, down 8.9% over the past five trading days, and down 14.2% over the past month.
Earlier, Bullish's Q1 financial report showed a net loss of $604.9 million, nearly doubling year-over-year, but adjusted revenue increased from $62.4 million to $92.8 million.