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Ark Invest bought $5 million of Bullish shares on Thursday. The purchase marked the fourth straight day it added BLSH to its ETFs. Since Monday, the firm has bought $12.5 million worth of the crypto group’s stock, based on closing prices.
Cathie Wood’s investment manager made the latest purchase through its exchange-traded funds. That gave the move a wider fund-level impact. It also showed that the buying was not a one-day trade.
Ark has often used digital asset pullbacks to add exposure to crypto-linked companies. This week’s buying followed that same pattern. The firm kept accumulating Bullish even as the stock moved lower.
BLSH closed at $35.96 on Thursday, down 0.2% for the day. The stock also fell more than 17% over the past two weeks. During that period, bitcoin struggled to break above $80,000.
The price drop came even as Ark kept buying. That gap matters as it shows the market did not immediately absorb the extra demand.
The stock’s weak close suggests that broader market pressure still weighed on BLSH. Yet the steady buying also kept attention on the company. Market watchers often track repeated ETF accumulation for signs of stronger conviction.
The move arrived during a mixed crypto session. Bitcoin traded between $76,000 and $78,000. That range showed stability at the top of the market, even as other assets moved more sharply.
Read More: ARK Invest Buys PayPay as Cathie Wood Expands Fintech Bet
Friday’s strongest gains came from AI-linked tokens. NEAR jumped 28.5%, while FET rose 11.4%. HYPE also hit a record high after rallying about 60% since Tuesday.
Elsewhere, privacy coins lost momentum. DASH, ZEC, and XMR gave back much of their earlier weekly gains. As a result, speculative money appeared to rotate toward different parts of the market.
That rotation helped explain why Ark’s Bullish purchases drew attention. Bitcoin stayed rangebound. At the same time, investors looked for other ways to gain crypto exposure.
The broader market also showed a split between calm and speculation. Bitcoin remained steady, while AI tokens and HYPE moved higher. Against that backdrop, Ark’s repeated Bullish buying stood out across several trading sessions.
Ark Invest bought Bullish stock for four straight days and lifted its weekly total to $12.5 million. The purchases came as BLSH fell and bitcoin stayed rangebound, while AI tokens led gains and privacy coins lost steam. The move shows steady ETF-based accumulation in a mixed crypto market.
