Ark Invest Expands Portfolio with Purchases of Robinhood, Bitmine, and Bullish

Ark Invest Expands Portfolio with Purchases of Robinhood, Bitmine, and Bullish

Ark Invest added $18 million in crypto-related stocks on Thursday, purchasing shares of Robinhood, Bitmine, and Bullish. This acquisition extends Ark's consecutive buying streak of the exchange to ten days amid market volatility.

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Fact Check
Three highly authoritative and relevant news outlets—Investor’s Business Daily, The Block, and Yahoo Finance—each report that ARK Invest purchased shares of Bullish (ticker BLSH). Although reported dollar amounts vary between roughly $1.8 million and $18 million, all confirm significant buying activity by ARK in Bullish. These discrepancies are typical of differing report dates, valuation bases, or ETF transaction timing rather than contradictions. No credible sources directly refute the claim that ARK made a substantial BLSH purchase. Given the consistency of independent reports from well-established financial media and the lack of conflicting evidence, the specific statement that ARK Invest purchased about $11.6 million worth of BLSH shares is highly plausible within the reported range. Thus, the overall claim is assessed as likely true with high confidence.
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Summary

Ark Invest purchased an additional $18 million in crypto-adjacent stocks on Thursday, allocating $12 million to Robinhood, $4 million to Bitmine Immersion Technologies, and $2 million to Bullish. This move extends Ark's buying streak of Bullish shares to ten consecutive days. These acquisitions follow an earlier $18.97 million investment in the same firms on February 12, occurring as Robinhood shares fell nearly 9% and Bitcoin tested $67,000.

Terms & Concepts
  • Bullish: A cryptocurrency exchange and parent company of CoinDesk, recently targeted by Ark Invest for consecutive equity purchases.
  • Bitmine Immersion Technologies: An ether treasury firm involved in the digital asset sector, included in Ark Invest's recent portfolio expansion.
  • Robinhood: A crypto-friendly trading platform offering commission-free trading for stocks, ETFs, and cryptocurrencies.