BlockBeats News, May 20th, Cathie Wood's investment firm Ark Invest bought a total of approximately $4.4 million worth of Bullish stock during this Monday and Tuesday's trading days through three ETFs.

According to Ark's daily trade disclosure and the closing price of the day, Ark bought 52,308 shares on Monday and 69,712 shares on Tuesday, involving three ETFs: the Innovation ETF (ARKK), the Next Generation Internet ETF (ARKW), and the Blockchain and Fintech Innovation ETF (ARKF). This purchase took place after Bullish's stock price had been continuously declining. Over the past five trading days, the Bullish stock price has cumulatively dropped by 15.4%, with a 1.88% rebound on Tuesday, closing at $36.23. Despite the slight recovery, the stock has still fallen by 16.7% in the past month.

Ark actively adjusts its ETF holdings to ensure that the weight of a single stock does not exceed 10% of the fund's portfolio. When the value of certain assets fluctuates significantly, a weight rebalancing is carried out, and this increase in position is part of this routine management operation.

On the fundamental side, Bullish disclosed a mixed first-quarter performance last week. The company's net loss was $604.9 million, nearly doubling from the same period last year, but adjusted revenue increased from $62.4 million to $92.8 million year-on-year. CEO Tom Farley pointed out that the company's recent $4.2 billion acquisition of Equiniti transaction is a potential growth catalyst. This deal aims to integrate Bullish's tokenization technology stack with a regulated custodian to create an integrated blockchain-enabled issuance service provider.

Background information shows that Bullish went public in August 2025, issuing 30 million shares at $37 per share. According to Bitcoin Treasuries data, the company is still the sixth-largest publicly traded holder of Bitcoin, holding approximately 24,300 BTC.