Cathie Wood’s Ark Invest purchased 2,532,693 shares of Bullish (BLSH) on its debut day on the New York Stock Exchange, investing approximately $172
Cathie Wood’s Ark Invest purchased 2,532,693 shares of Bullish (BLSH) on its debut day on the New York Stock Exchange, investing approximately $172.2 million. The shares closed at $68 each, reflecting an 83% increase on the first trading day. The purchase was distributed across multiple Ark Invest funds, including 1,714,522 shares by ARKK, 545,416 shares by ARKW, and 272,755 shares by ARKF. Bullish is a Bitcoin exchange backed by Peter Thiel, and Ark Invest’s substantial investment signals growing institutional demand for Bitcoin.
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Source: https://thedefiant.io/news/markets/ark-invest-buys-2-53-million-bullish-shares-worth-172-million-stock-surges-83-on-76d2fecd