Stock buybacks have become the preferred method of returning value to shareholders over the last decade, almost tripling in value for the top 1200 companies globally during this period. So when companies announce a new buyback program, it sounds like just another development. Investors reacted differently, however, when Coinbase (COIN) announced it had bought back about 8 million shares in the previous quarters in an attempt to reduce share dilution. The stock went up 16% on the news as investors welcomed ...

Group 1 - Ark Invest purchased $11.6 million worth of shares in cryptocurrency exchange Bullish (BLSH), marking the ninth consecutive day of increasing its BLSH holdings [1] - The company acquired 364,134 shares of Bullish across three of its exchange-traded funds (ETFs) [1] - BLSH shares closed at $31.88, down 0.53% on the day, and are 15.82% lower year-to-date [2] Group 2 - Ark Invest has bought approximately 2.1 million BLSH shares over the last nine trading days, totaling about $58.75 million based on daily closing prices [2] - In addition to Bullish, Ark also invested $33.8 million in Robinhood (HOOD) and $4.37 million in Circle Internet (CRCL) shares [3] - The shares of these crypto-related companies have declined, with Robinhood down 8.8% and Circle down 3.16%, which Ark views as a buying opportunity amid the cryptocurrency downturn [3]

Core Viewpoint - Bullish (NYSE:BLSH) is set to release its fourth-quarter earnings for 2025, with analysts anticipating a significant increase in earnings per share and quarterly revenue compared to the previous quarter [1][2]. Market Estimates - Analysts project earnings per share of $0.15 for Bullish, up from $0.10 in the previous quarter [2]. - The expected quarterly revenue is $87.77 million, an increase from $76.60 million in the third quarter [2]. Stock Performance and Analyst Ratings - The consensus price target for BLSH stock is $53.36, based on 12 analysts, with Citigroup providing the highest forecast of $67 [3]. - The average price target from the three most recent ratings is $53.67, indicating approximately 85% upside potential for the stock [3]. Sentiment and Indicators - As of December 31, short interest in BLSH stock was 7.15 million shares, representing 15.6% of the company's publicly available float, reflecting a high level of bearish sentiment [4]. - The Commodity Channel Index indicates oversold conditions, suggesting a potential "Buy" signal [4]. - The Moving Average Convergence Divergence indicator has flashed a "Sell" signal, while the Relative Strength Index remains "Neutral" [5]. Company Overview - Bullish operates a cryptocurrency exchange focused on institutional clients and owns CoinDesk, a notable cryptocurrency media and data brand [5]. - The company is led by former NYSE Group president Thomas Farley [5]. Trading Volume and Price Action - Bullish reported a total trading volume of $222.4 billion, including spot and derivatives, for the quarter ending December 31, marking a 56% increase from the previous quarter [6]. - Shares of Bullish rose 0.80% in after-hours trading after a 4.74% decline during the regular trading session, closing at $28.77 [6]. - The stock has shown a weaker price trend over short, medium, and long terms according to Benzinga's Edge Stock Rankings [6].

Cryptocurrency exchange Coinbase is reincorporating in the new business hub of Texas, and is set to leave Delaware, the company said in a filing on Wednesday. ...

Group 1 - Kraken plans to take the majority of its staff to a Caribbean island in January 2024 for a team-building event ahead of its anticipated U.S. listing [1] - The company has issued a special one-off bonus to all employees, indicating a positive shift in morale after earlier staff cuts [2] - Kraken reported a significant increase in revenue, with Q3 revenue more than doubling and adjusted earnings before taxes reaching $178.6 million, a 124% increase quarter-over-quarter [2] Group 2 - The company is expected to file its S-1 with the U.S. Securities and Exchange Commission (SEC) before the end of this year, although the exact timing has not been confirmed [3]