Bullish Stock Soars, Ark Invest Buys the Dip as Crypto Recovery Looms
Key Insights:
- Ark Invest bets on Bullish stock, as it closed at around $63 with robust gains on August 21.
- Ark Invest expanded its position, now holding over 1.16 million Bullish shares.
- Bullish settled $1.15 billion IPO proceeds in stablecoins, a first for a U.S. IPO.
The Bullish crypto stock has slipped after its New York Stock Exchange debut, giving Ark Invest to buy more at a sizable discount.
The firm led by Cathie Wood added over one million shares as the crypto exchange settled its $1.15 billion IPO proceeds in stablecoins, a first for the U.S. market.
Ark Invest Buys More Bullish Crypto Stock
It is worth noting that Bullish crypto stock fell to $58.19 on August 20 in intraday trading hours, down 2% from the previous close of $59.51.
However, the share price reversed track and closed at $62.89, adding more than 5% in its previous session. The surge came in days after its...
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