Cathie Wood and her team at Ark Invest are doubling down on the future of digital asset exchanges. In a fresh disclosure from Friday, February 13, Ark revealed that it scooped up another $2 million worth of Bullish ($BLSH) shares. This move marks the tenth business day in a row that Wood has added the exchange operator to her ETFs. Even though tech stocks have been up and down lately, Ark is using the low prices to buy a big stake in what they think is the future of money.
Why Ark Is So Bullish on BLSH
Ark’s plan for Bullish focuses on its unique spot in the market. Unlike exchanges that rely on regular people trading, Bullish focuses on big professional clients like hedge funds and banks. The exchange has already handled over $1.5 trillion in trades since it started.
Beyond trading, the company owns CoinDesk, a crypto news and data site. This gives Bullish a stream of steady money that doesn’t depend on whether crypto prices are high or low. The company also recently got a New York “BitLicense,” which lets it grow in the U.S. and store assets for big American firms. Ark is especially excited about the company’s new options platform, which already handles nearly 29% of all Bitcoin options trading.
Robinhood and BitMine Join the Shopping List
Bullish wasn’t the only crypto-friendly name in Ark’s shopping cart this week. The firm also spent $12 million on Robinhood ($HOOD) and $4 million on BitMine Immersion Technologies ($BMNR). Robinhood has been a long-time favorite for Wood, who sees it as the main way new investors enter the market. BitMine, a firm that manages Ethereum assets and hardware, gives Ark a way to bet on the actual gear and energy used to run the network.
Cathie Wood Is Buying the Dip in a Tough Year
It hasn’t been a smooth ride for these stocks in 2026. Bullish shares are still down about 16% for the year, and Robinhood fell nearly 9% on Thursday as tech stocks took a hit. However, this is exactly when Cathie Wood usually steps in. She often talks about “averaging down,” which just means buying more of a stock as the price drops so her average cost is lower. Her choice to buy BLSH for ten days straight shows she really believes the stock is a bargain right now.
Is Bullish a Good Stock to Buy?
Bullish stock (BLSH) has a consensus Moderate Buy rating among seven Wall Street analysts. This rating is based on five Buy and two Hold recommendations issued in the last three months. The average 12-month BLSH price target of $48.17 implies 46.6% upside from current levels.
