Ark invest's continuous accumulation of crypto-adjacent stocks (bullish, robinhood, circle) for nine consecutive days, valued at over $58 million, signals strong institutional confidence in the long-term potential of the crypto ecosystem despite current market downturns. while not direct crypto purchases, these moves reflect a bullish sentiment from a major investment firm that could influence broader market perception.
Ark invest, led by cathie wood, is a prominent institutional investor whose strategies and purchases are widely followed and have a significant impact on market sentiment.
Ark's strategy of buying these crypto-adjacent companies when their shares are 'at a low ebb' and during a 'cryptocurrency suffering an extended downturn' indicates they view current prices as a buying opportunity, expecting future appreciation. this 'buy the dip' approach suggests a positive long-term outlook for the crypto market, with bitcoin often leading the trend.
The consistent buying over nine days and the rationale of accumulating during a market downturn suggest a long-term investment horizon, betting on a sustained recovery and growth of the crypto sector.
Markets Share Share this article Copy link X icon X (Twitter) LinkedIn Facebook Email Ark Invest buys Bullish stock for 9th straight day in $11.6 million purchase Ark bought around 2.1 million BLSH shares in the past nine trading days, valued about $58.8 million based on the stock's closing price each day. By Jamie Crawley Feb 12, 2026, 10:52 a.m. Make us preferred on Google Ark Invest bought $11.6 million worth of shares in cryptocurrency exchange Bullish (BLSH) on Wednesday. (CoinDesk/Nik De) What to know : Ark Invest bought $11.6 million worth of shares in cryptocurrency exchange Bullish on Wednesday, the ninth consecutive day the investment manager has bought the stock. The investment company has bought around 2.1 million BLSH shares over the period, worth about $58.75 million based on the stock's closing price each day. The Cathie Wood-led company also bought $33.8 million of crypto-friendly investment platform Robinhood (HOOD) shares and $4.37 million worth of stock in stablecoin developer Circle Internet (CRCL) on Wednesday. Ark Invest bought $11.6 million worth of shares in cryptocurrency exchange Bullish (BLSH) on Wednesday, the ninth consecutive day the investment manager has added to its BLSH holdings. The St. Petersburg, Florida-based company bought 364,134 shares in Bullish, which is also the parent company of CoinDesk, across three of its exchange-traded funds (ETFs). STORY CONTINUES BELOW Don't miss another story. Subscribe to the Crypto Daybook Americas Newsletter today . See all newsletters Sign me up By signing up, you will receive emails about CoinDesk products and you agree to our terms & conditions and privacy policy . BLSH closed at $31.88 on Wednesday, 0.53% lower on the day . The New York Stock Exchange-listed shares had previously recovered from a low of around $24.15 on Feb. 5 amid bitcoin's BTC $ 67,880.79 fall below $63,000 ., They remain 15.82% lower year-to-date. Ark has bought around 2.1 million BLSH shares in the last nine trading days, according to emailed disclosures from the firm, worth about $58.75 million based on the closing prices of the stock each day. In addition to Bullish, the Cathie Wood-led company bought $33.8 million of crypto-friendly investment platform Robinhood (HOOD) shares and $4.37 million worth of stock in stablecoin developer Circle Internet (CRCL) on Wednesday. These equities dropped by 8.8% and 3.16% respectively. With the cryptocurrency suffering an extended downturn, crypto-adjacent companies' shares are also at a low ebb, which Ark views as a buying opportunity. ARK Invest Bullish More For You Trump-linked WLFI's Zak Folkman teases forex platform at Consensus Hong Kong By Sam Reynolds | Edited by Omkar Godbole 4 hours ago Folkman says more details will be revealed soon at an event at Mar-a-Lago. What to know : World Liberty Financial, a Trump-family-linked crypto project, plans to launch a foreign exchange platform called World Swap as part of its USD1 stablecoin ecosystem. Co-founder Zak Folkman said World Swap aims to simplify cross-border transfers and challenge traditional remittance providers that charge fees of 2% to 10% per transaction. The company is building a broader financial stack around its cash-backed USD1 stablecoin, including the recently launched World Liberty Markets lending platform, which has attracted hundreds of millions of dollars in deposits. Read full story Latest Crypto News Agant registers with U.K. FCA ahead of British pound stablecoin debut 3 minutes ago Solana leans into tokenization and payments at Hong Kong’s Accelerate APAC event 16 minutes ago zkME Technology wins $20,000 PitchFest prize at Consensus Hong Kong 1 hour ago Binance's Richard Teng breaks down the ‘10/10’ nightmare that rocked crypto 2 hours ago OKX Ventures backs STBL in partnership with Hamilton Lane and Securitize 3 hours ago Trump-linked WLFI's Zak Folkman teases forex platform at Consensus Hong Kong 4 hours ago Top Stories Charles Hoskinson confirms deal to onboard LayerZero on Cardano 8 hours ago Privacy-focused Midnight blockchain to go live next month, says Cardano's Charles Hoskinson 8 hours ago SEC's Paul Atkins grilled on crypto enforcement pull-back, including with Justin Sun, Tron 17 hours ago Why crypto VCs at Consensus Hong Kong are playing a 15-year game 17 hours ago BlackRock exec says 1% crypto allocation in Asia could unlock $2 trillion in new flows 15 hours ago U.S. DOJ hits Paxful for $4 million in case tied to illegal sex work, money laundering 16 hours ago In this article BTC BTC $ 67,880.79 ◢ 2.04 %