Cathie Wood Buys $10M in Bullish (BLSH) Stock Ahead of Q3 Results

Group 1: Investment Activity - Ark Invest CEO Cathie Wood purchased nearly $10 million worth of Bullish (BLSH) stocks on November 17, despite the stock price correcting nearly 50% since its mid-August listing [1] - Ark Invest increased its holdings in Bullish across multiple funds, with ARK Innovation ETF (ARKK) acquiring 191,195 shares, ARKW adding 56,660 shares, and ARKF acquiring 29,208 shares [2] - This marks the third major purchase of BLSH stock by Ark Invest in November, occurring just ahead of the company's Q3 results [3] Group 2: Company Financial Projections - Bullish is set to release its Q3 2025 financial results on November 19, projecting total adjusted revenue between $69 million and $76 million, including adjusted transaction revenue of $25.5 million to $28 million [4] - The company's performance is expected to be supported by growth in its Subscription Services and Other revenue segment, driven by its Liquidity Services offering and collaborations with Solana and major stablecoin issuers [5] - Bullish forecasts Subscriptions, Services & Other Revenue for the quarter to be between $43.5 million and $48 million [6] Group 3: Market Context - Crypto stocks, including Bullish, have faced significant declines amid a broader market downturn, with BLSH stock ending down 4.5% on the day of Ark's purchase [3][7] - Other crypto-related companies, such as Marathon Digital, Riot Platforms, and CleanSpark, have also experienced losses, indicating a challenging environment for the sector [7]