Cathie Wood’s Ark Invest purchased additional Bullish and Circle shares on Wednesday, exemplifying its long-term conviction in crypto.
The firm bought a total of 364,044 Bullish shares across three of its exchange-traded funds, worth $11.6 million based on Wednesday’s closing price, according to the firm’s latest trading disclosures.
This marks the tenth consecutive trading day that Ark expanded its position in the Peter Thiel-backed crypto exchange.
After falling to its lowest closing price of $24.90 on Feb. 9, Bullish has recovered somewhat over the past five days, rising 28.3%. It closed Wednesday at $31.88, down 0.5% for the day, according to The Block’s BLSH price page.
Ark also purchased 75,559 shares in Circle on Wednesday, worth roughly $4.4 million. The USDC issuer dropped 3.2% on Wednesday to close at $57.86. While its stock price rose 7.8% in the past five days, it has fallen 30% over the past month.
Major equity indexes also edged lower on Wednesday — the Dow Jones Industrial Average fell 0.1% while the Nasdaq Composite dropped 0.2%. The S&P 500 traded flat for the day.
Meanwhile, bitcoin gained o.2% in the past 24 hours to $67,143, The Block’s BTC price page shows. Ether rose 0.9% to $1,968.
© 2026 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
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