Cathie Wood bought $4.4 million worth of Bullish in two days, unfazed by a $600 million loss in Q1

📄Full Article· Automatically extracted by trafilaturaGemini 翻譯1298 words

Cathie Wood's Ark Invest purchased approximately $4.4 million worth of Bullish (NYSE: BLSH) shares over two consecutive days, Monday and Tuesday, through its ARKK, ARKW, and ARKF ETFs, bucking the trend as the stock price plunged 16.7% over the past month. (Context: Cathie Wood clarifies Binance's innocence to CZ: The 2025 "1011 crash" was not caused by a Binance system failure.) (Background: The "Cathie Wood" strategy: buying the dip, adding another $11.9 million in Coinbase, now holding 6.13 million COIN shares.) According to Ark Invest's daily trade disclosures, Cathie Wood bought 52,308 shares on Monday and an additional 69,712 shares of Bullish (BLSH) on Tuesday, totaling approximately $4.4 million based on daily closing prices. The funds involved are the Innovation ETF (ARKK), the Next Generation Internet ETF (ARKW), and the Fintech Innovation ETF (ARKF); such a synchronized move across three funds is uncommon. This accumulation comes at a recent low for BLSH, with the stock price falling 15.4% over the past five trading days. It rebounded slightly by 1.88% on Tuesday to close at $36.23, but remains down 16.7% for the month. Bullish reported its Q1 results last week, showing a net loss of $604.9 million, nearly double the figure from the same period last year, which is indeed alarming. However, looking at the operational side, adjusted revenue jumped from $62.4 million in the same period last year to $92.8 million, a 49% year-over-year increase. Adjusted EBITDA rose from $13.2 million to $35.1 million, a 1.6x increase, and adjusted net profit improved from $2.1 million to $20.3 million. While losses have widened, the operational engine is accelerating, which is likely the confidence behind Wood's decision to "catch the falling knife" at these low levels. CEO Tom Farley (former President of the New York Stock Exchange) has opened a new narrative with the $4.2 billion acquisition of the UK-based share registrar Equiniti. This deal aims to integrate Bullish's tokenization technology stack with a regulated share registrar to create a one-stop blockchain-enabled issuance service provider. Bullish went public in August 2025 at $37 per share, issuing 30 million shares. Now, at a share price of $36.23, it is just a step away from its IPO price, meaning the market has wiped out nearly a year's worth of gains. However, according to Bitcoin Treasuries data, Bullish holds approximately 24,300 BTC, making it the sixth-largest publicly traded corporate holder of Bitcoin, trailing MicroStrategy, 21 Capital, Metaplanet, and MARA Holdings. This Bitcoin stash is valued at over $2.5 billion at current prices, far exceeding the company's quarterly revenue scale. Why did Ark Invest buy Bullish stock? Ark purchased Bullish through its ARKK, ARKW, and ARKF ETFs as part of an ETF weight rebalancing operation. The accumulation was triggered after BLSH's stock price fell about 17% for the month, with a total of 122,020 shares purchased over two days, amounting to approximately $4.4 million. How much Bitcoin does Bullish hold? According to Bitcoin Treasuries data, Bullish holds approximately 24,300 BTC, making it the sixth-largest publicly traded corporate holder globally. Valued at over $2.5 billion at current prices, this far exceeds the company's quarterly revenue scale.

Data Status✓ Full text extractedRead Original (動區 BlockTempo)

🔍Historical Similar Events· Keyword + Asset Matching6 items

2026-05-03

Cathie Wood: Bitcoin is still in a bull market bottoming phase, and innovative assets are being "collectively mispriced"

Similarity 170%關鍵字 wood/cathie同分類 zh

2026-04-21

The greatest investment masters working for you! 19 AI Agents including Buffett, Munger, Cathie Wood... helping you analyze the market

Similarity 140%關鍵字 wood/cathie同分類 zh

2026-05-28

Cathie Wood Doubles Down On $1.25 Million Bitcoin Target

Similarity 130%關鍵字 wood/cathie

2026-05-27