Well, darlings, it seems ARK Invest has decided that a dip in crypto stocks is the perfect curtain call for a bit of a shop. On August 19, while the crypto world wobbled like a tipsy ballet dancer, our daring financiers swooped in like a pair of well-heeled vultures, grabbing shares with the enthusiasm of someone discovering diamond earrings in a bargain bin.
- ARKK, ever the bold flirt, purchased 356,346 shares of Bullish, pocketing a handsome $21.2 million-just a casual afternoon’s spree-raising its total to over 1.16 million shares, worth a cool $73.85 million. Fancy that! 🤑
- Meanwhile, Robinhood’s shares just kept on falling for the charm-ARK scooped up 150,908 of those, pouring $16.2 million into the Robinhood piggy bank, marking the third day of their relentless flirtation. Perhaps Cupid’s shot more than one arrow? 💘
- All this, mind you, occurred amidst a 6%+ tumble-because when everyone else runs for cover, ARK’s staking its claim as the true adventurer in the market jungle. Chasing the dip? Oh, darling, it’s practically their middle name now!
Post-IPO, ARK’s Love Affair with Bullish Grows Deeper, Darling
Just to spice things up, ARK’s flagship, ARKK, bought 356,346 shares of Bullish, a hefty $21.2 million splash, based on a closing price of $59.51-and they’re clearly still lusting after this stock after their initial $172 million haul across three ETFs on the debut day. Bravo! Now, over a million and a bit Bullish shares on the books, all worth a cozy $73.85 million. 💃
In the grand scheme, Bullish rode in like a debutante-raising $1.1 billion in its IPO, selling 30 million shares at $37 each, and then soaring up to 215% intraday, peaking at $118 before settling down to a slightly more modest figure. A true showstopper! 🎩
Robinhood: The Never-Ending Romance Continues
And then, there’s Robinhood-the stock that just won’t stop teasing. ARK bought another 150,908 shares for $16.2 million at the closing price of $107.50. This is their third straight day, dear readers, of pouring love into Robinhood’s coffers after splurging $9 million on Friday and $14 million on Monday. Someone’s quite taken with their Robinhood crush! 💌
Of course, Robinhood’s been doing the financial mambo-selling off bits of its stash in 2024 to stay on the right side of SEC rules. But as crypto stocks stumble and tumble, ARK luxe is treating it as an irresistible buy-in opportunity. When the market’s down, darlings, it’s just more room to swoop in with flair! 💃
Both Bullish and Robinhood closed over 6% lower on the day, as if crooning a tragic ballad, yet ARK’s just grinning-because, in finance, darling, it’s all about the dramatic buys at the perfect moment. Cheers! 🥂
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2025-08-20 13:33