Cathie Wood Just Bought 2.5 Million Shares of This IPO Company

Aug 15 – Cathie Wood’s Ark Invest just doubled down on one of the market’s buzziest new listings. On Wednesday Ark bought more than 2.5 million shares of Bullish (NYSE:BLSH), spreading the purchase across three active ETFs: ARK Innovation (ARKK) picked up about 1.74 million shares, ARK Next Generation Internet (ARKW) added 545,416 shares, and ARK Fintech Innovation (ARKF) took 272,755 shares.

Bullish, the crypto exchange backed by Peter Thiel, exploded on its first trading day, jumping roughly 84%, and then climbed another 15% the following session as traders piled in. Wood’s move signals she wants bigger exposure to crypto infrastructure, and it complements Ark’s existing holdings in Coinbase (COIN) and the ARK 21Shares Bitcoin ETF (ARKB).

Beyond trading, Bullish also owns CoinDesk, giving Ark both a trading-platform stake and media exposure to crypto audiences. The trade reflects confidence in digital-asset adoption despite ongoing regulatory scrutiny. If crypto gets another hot streak, Ark’s latest purchases could prove prescient.

If regulators tighten, the same stake could face pressure, but for now, Wood appears to be banking on momentum and long-term upside in crypto infrastructure.

This article first appeared on GuruFocus.