Ark Invest expanded its Bullish stake with a $1.83 million purchase following a sharp price surge, after also acquiring $10.8 million in shares last week while reducing Coinbase holdings.
Ark Invest bought 57,164 Bullish shares worth approximately $1.83 million on Monday, coinciding with a 16.76% rise in the stock to $32.05. This follows last Friday’s purchase of about 393,000 Bullish shares valued at $10.8 million and the sale of $22.2 million in Coinbase stock. The transactions indicate a strategic reallocation of Ark’s cryptocurrency exchange investments.