Ark Invest, led by Cathie Wood, acquired 161,183 Bullish shares worth $8.21 million through ARK Innovation ETF and ARK Next Generation Internet ETF. The investment raises Ark’s total Bullish holdings across its funds to $129 million, though slightly below the 2.53 million shares acquired at debut. Bullish shares peaked at $118 on listing but closed at $51.36 on Tuesday, down 57% from their high. The exchange reported a 0.2% year-over-year revenue decline and a 270% drop in operating income in its latest quarter, with second-quarter results expected Thursday. Analyst ratings remain mixed, with Jefferies and JP Morgan issuing “hold” and “neutral” calls, while Cantor Fitzgerald rates the stock “overweight.” Ark has also expanded positions in BitMine and Block in recent months.