Cathie Wood Goes All-In On Peter Thiel's Crypto Play Bullish With Back-To-Back Million-Dollar Buys - Bullish (NYSE:BLSH)

Core Insights - Ark Invest, led by Cathie Wood, made significant trades on Tuesday, notably purchasing shares in Bullish, a cryptocurrency exchange backed by Peter Thiel [1][2]. Trade Details - Ark Invest purchased a total of 23,963 shares of Bullish through three of its funds: Ark Fintech Innovation ETF, ARK Innovation ETF, and ARK Next Generation Internet ETF, with the trade valued at approximately $1.09 million based on a closing price of $45.75 [2]. - In August, Bullish increased the size and price of its upcoming initial public offering, offering 30 million shares priced between $32 and $33 each, targeting a valuation of nearly $5 billion [3]. - On the previous day, Ark Invest had purchased $11.9 million worth of Bullish stock, while Coinbase Global Inc. remains one of Ark's largest holdings, comprising 5.96% of its flagship ARKK ETF, valued at $489.9 million [3]. Other Key Trades - Ark Invest sold 20,485 shares of SoFi Technologies Inc, reducing its holdings in the ARKF ETF [6]. - The firm bought 21,865 shares of CRISPR Therapeutics AG for the ARKG ETF and 140,462 shares for ARKK [6]. - Ark Invest sold 16,952 shares of Ionis Pharmaceuticals Inc from the ARKG ETF and purchased 50,163 shares of Beam Therapeutics Inc for the ARKG ETF and 240,838 shares for ARKK [6]. - Additionally, Ark sold 25,846 shares of Adaptive Biotechnologies Corp from the ARKG ETF [6].