Ark Invest Buys BLSH After 32% Crash – What’s Next? 🚀

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Dear me, what a conundrum! Following the successful IPO listing last week, the stock price of Peter Thiel-backed crypto exchange Bullish (NASDAQ: BLSH) has been on a free fall with a 32% drop over the past week. 📉 A most curious turn of events, one might say, if one were to ignore the fact that the stock had just taken a nosedive.

Cathie Wood’s Ark Invest, ever the intrepid adventurer, finds an opportunity here, scoping more than 350,000 BLSH shares on Tuesday, August 19. 🤯 One might wonder if they’ve taken leave of their senses, but then again, who am I to question the wisdom of a woman who can turn lead into gold-or at least into a 32% dip? 💸

Cathie Wood’s Ark Invest Buys the Bullish (BLSH) Stock Dips

Cathie Wood’s ARK Invest increased its exposure to crypto-related stocks, acquiring more shares of Bullish and Robinhood during a sector-wide downturn. A most audacious move, if one’s idea of fun is chasing a falling knife. ⚒️

Trade disclosures from Tuesday show that ARK’s flagship ARK Innovation ETF (ARKK) purchased 356,346 shares of Bullish worth roughly $21.2 million and 150,908 shares of Robinhood Markets valued at about $16.2 million. A veritable treasure trove for those who think a 32% drop is merely a minor inconvenience. 🎰

Here’s every move Cathie Wood and Ark Invest made in the stock market today 8/19

– Ark Invest Daily (@ArkkDaily) August 20, 2025

This is not the first purchase of Bullish (BLSH) stock by Ark Invest. Last week, the company purchased 2.53 million Bullish shares, worth over $172 million, across three ETFs after the exchange’s debut on the New York Stock Exchange. A most generous gesture, if one’s goal is to be the first to dive into a pool of molten silver. 🌋

Robinhood has also been a key target, with ARK adding shares for three straight sessions, including $14 million worth on Monday and $9 million on Friday. A most persistent pursuer, one might say, though I daresay the stock is less enamored. 💸

A day before, crypto exchange Bullish announced it had secured $1.15 billion in proceeds from its recent initial public offering in the form of stablecoins. A most novel approach, though one wonders if the stablecoins are as stable as a house of cards in a hurricane. 🌪️

The deal marks a U.S. IPO milestone, being one of the first to use stablecoins. Jefferies coordinated the minting, conversion, and delivery of the stablecoins. A most intricate dance, if one enjoys the sound of coins clinking in a vault. 🪙

BLSH Stock Comes Under Strong Selling Pressure

The Bullish stock had a blockbuster debut on Wall Street last week, hitting a high of $96 on Day 1. A most triumphant start, though one might argue the sequel was less thrilling. 🎬

However, since then, the stock has been trending downwards and has corrected by 32% on the weekly chart. A most dramatic decline, if one’s idea of drama is a stock that’s less stable than a teetering stack of pancakes. 🥞

As of now, the BLSH stock is trading at $59.51, which is still above its IPO price of $37. A most resilient little number, though it’s currently playing the role of a reluctant dancer. 💃

The latest selling pressure comes amid the broader correction across crypto stocks. The decline was widespread, with crypto-linked stocks seeing sharp losses. A most chaotic scene, if one were to imagine a room full of investors clutching their pearls. 👑

Coinbase dropped 5.82%, Galaxy Digital fell 10.06%, Strategy slid 7.43%, and Circle declined 4.49%. Broader markets also felt the pressure, as the Nasdaq Composite closed down 1.46%, reflecting broader investor concerns. A most worrying trend, though I’m sure it’s all just a temporary blip. 📈

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2025-08-20 16:57