Ark Invest, the investment firm led by Cathie Wood, has continued its aggressive push into cryptocurrency-related equities with another significant purchase. The firm added $18 million worth of crypto-adjacent stocks to its holdings on Thursday, extending its streak of consecutive purchases in key crypto companies.
The purchase included a $2 million investment in Bullish (BLSH), the cryptocurrency exchange that serves as parent company to CoinDesk. This marks Ark’s 10th consecutive day of purchasing Bullish shares, demonstrating unwavering confidence in the platform’s prospects despite broader market volatility.
In addition to the Bullish investment, Ark allocated $12 million toward Robinhood (HOOD), the commission-free trading platform that has become increasingly popular among retail crypto traders. The firm also purchased $4 million worth of Bitmine Immersion Technologies (BMNR), an ether treasury firm that provides institutional-grade Ethereum staking services.
“We’re seeing a unique convergence opportunity in crypto equities,” said Cathie Wood in a statement accompanying the disclosure. “These companies represent the infrastructure of the emerging digital asset economy, and current valuations don’t adequately reflect their long-term potential.”
The Bullish shares fell 0.53% to $31.71 on Thursday, though they have recovered significantly from a trough of around $24 earlier this month. Robinhood shares experienced a rougher session, falling 8.9% to $71.12 as broader U.S. tech stocks declined. Bitmine, however, defied the market trend to rise 1.39% to $19.74.
This latest purchase comes as part of Ark’s broader strategy to position itself at the intersection of traditional finance and digital assets. The firm has been actively accumulating crypto-related stocks throughout 2025 and early 2026, viewing the sector as poised for substantial growth despite short-term market fluctuations.
Bullish, which went public in 2024, has positioned itself as a institutional-grade cryptocurrency exchange with strong ties to traditional financial markets. The company’s connection to CoinDesk, a leading cryptocurrency news outlet, provides it with unique insights and market intelligence capabilities.
Robinhood has expanded its cryptocurrency offerings significantly over the past year, adding new tokens and improved trading features to attract both new and experienced crypto investors. The platform’s user-friendly interface and commission-free trading have made it a popular choice for retail investors looking to access the cryptocurrency market.
Ark’s continued investment in these crypto-adjacent stocks signals confidence in the sector’s institutional adoption trajectory. As regulatory clarity improves and traditional financial institutions increasingly embrace digital assets, companies like Bullish, Robinhood, and Bitmine are positioned to benefit from growing mainstream acceptance.
Source: CoinDesk