Ark Invest Acquires Over 2.53 Million Shares of Bullish in IPO
Bullish Exchange IPO: On August 13, Bullish, a cryptocurrency exchange based in the Cayman Islands, launched its stock, BLSH, through an initial public offering.
Investor Interest: The IPO attracted significant attention, particularly from Ark Invest, led by Cathie Wood. Ark Invest acquired over 2.53 million shares of BLSH, valued at $172.2 million based on a closing price of $68, marking an 84% increase post-launch.
Share Distribution: Ark Invest's purchases were distributed across multiple funds:
- 1.71 million shares by ARKK
- 545,416 shares by ARKW
- 272,755 shares by ARKF
Market Reactions: Following the acquisition, reactions to the three funds varied:
- ARKK increased by 0.04% to $77.94
- ARKF rose by 0.63% to $55.62
- ARKW declined by 0.12% to $162.15
Additionally, on August 12, Ark Invest purchased 262,463 shares of Block Inc. and previously acquired $20 million worth of ETH Treasury Firm Bitmine shares.