Cathie Wood’s Ark Invest Increases Stake in Bullish as Stock Prices Surge 16%

Cathie Wood’s investment firm, Ark Invest, has notably increased its holdings in Bullish (Bitdeer Technologies Group) following a significant market rally. The stock experienced a jump of over 16% recently, triggered by positive sentiment in the cryptocurrency sector and strong operational performance. Ark’s flagship ETFs, including the ARK Next Generation Internet ETF (ARKW), were reported to have purchased additional shares, reinforcing Wood’s long-term bullish stance on the digital asset ecosystem. This acquisition occurs amid a broader recovery in crypto-related equities, as institutional investors continue to seek exposure to blockchain infrastructure and Bitcoin-adjacent businesses. Analysts suggest that Ark’s continued accumulation despite the price spike signals high confidence in the company’s long-term valuation and its strategic position within the evolving financial technology landscape.

Source: Cathie Wood’s Ark Invest buys more Bullish as stock jumps over 16%