Odaily Planet Daily reports that Cathie Wood’s Ark Invest has once again increased its stake in Bullish, the cryptocurrency exchange backed by Peter Thiel, and has also purchased shares in Circle, signaling continued long-term confidence in crypto assets. On the day, Ark bought a total of 364,044 Bullish shares across its three ETFs, valued at approximately $11.6 million based on the closing price—marking the tenth consecutive trading day of increased holdings. Since its February 9 closing low of $24.90, Bullish has rebounded approximately 28.3%, closing at $31.88 on Wednesday.
On the same day, Ark increased its stake in Circle by 75,559 shares, valued at approximately $4.4 million. Circle’s stock price fell 3.2% that day to close at $57.86, having risen 7.8% over the past five days but still declining 30% over the past month.
Overall market conditions: U.S. stock indices edged lower, with the Dow down 0.1%, the Nasdaq down 0.2%, and the S&P 500 flat. In the crypto market, Bitcoin rose 0.2% over the past 24 hours to $67,143; Ethereum increased 0.9% to $1,968. (The Block)