Ark Invest Doubles Down on Bullish with $1.83 Million Purchase Amid Stock Surge

Feb 10, 2026, 10:53 a.m. 3 sources neutral

Key takeaways:

  • Ark's rotation from COIN to Bullish suggests a strategic bet on exchange diversification beyond the dominant player.
  • The timing of Bullish's 16.76% rally alongside Ark's buys indicates the fund's trades can act as a near-term catalyst.
  • Mixed crypto price action amid strong equity gains highlights a potential decoupling, pressuring crypto-correlated stocks.

Cathie Wood's Ark Invest made significant moves in its portfolio on Monday, February 10, 2026, purchasing an additional 57,164 shares of crypto exchange operator Bullish. The shares, acquired across three of Ark's exchange-traded funds, were valued at approximately $1.83 million based on the stock's closing price.

This purchase followed a much larger acquisition just days prior, where Ark bought 393,057 shares of Bullish on Friday, February 7, worth roughly $10.8 million. The buying spree coincided with a strong rally for Bullish's stock, which closed up 16.76% at $32.05 on Monday. The broader equity market also advanced, with the Nasdaq Composite adding 0.9% and the S&P 500 climbing 0.47%.

In a contrasting move on Friday, Ark sold about $22.2 million worth of Coinbase (COIN) shares. Other crypto-related stocks like Circle and Bitmine also saw gains on Monday. Meanwhile, the cryptocurrency market showed mixed signals, with Bitcoin trading down 1.36% near $69,786 and Ethereum edging up 0.7% to $2,097.

Separately, on February 9, Ark executed other major portfolio adjustments, including a $9.67 million purchase of Roblox stock following the company's strong earnings. The firm also added positions in healthcare and AI companies like Recursion Pharmaceuticals and TharImmune, while trimming holdings in PagerDuty, Pinterest, and The Trade Desk.

Disclaimer

The content on this website is provided for information purposes only and does not constitute investment advice, an offer, or professional consultation. Crypto assets are high-risk and volatile — you may lose all funds. Some materials may include summaries and links to third-party sources; we are not responsible for their content or accuracy. Any decisions you make are at your own risk. Coinalertnews recommends independently verifying information and consulting with a professional before making any financial decisions based on this content.