Ark Invest's ten consecutive purchases betting on crypto stocks: Bullish and Circle become Cathie Wood's new trump cards

GateNews
USDC-0,02%
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ETH-3,03%

February 12 News, in 2026, Cathie Woodโ€™s Ark Invest has once again taken action by continuously increasing its holdings in crypto-related assets through multiple ETFs. According to the latest disclosures, the firm bought a total of 364,044 shares of Bullish stock on Wednesday, worth approximately $11.6 million based on the closing price that day. This marks Ark Investโ€™s tenth consecutive trading day of increasing its position in this cryptocurrency platform supported by Peter Thiel, indicating a long-term bullish outlook on digital asset infrastructure.

Bullish stock previously rebounded after hitting a low of $24.90 on February 9, and has risen a total of 28.3% over the past five trading days. On Wednesday, the stock closed at $31.88, down slightly by 0.5% intraday, but the overall trend has clearly stabilized. Arkโ€™s continued accumulation is seen as a vote of confidence in its business model and industry prospects.

On the same day, Ark Invest also increased its holdings of 75,559 shares of Circle, with a market value of about $4.4 million. The company is the issuer of the stablecoin USDC, and its stock price fell 3.2% to $57.86 that day. Despite a 7.8% increase over the past five days, it has still declined about 30% over the past month, with high volatility remaining.

On the macro level, the US stock market performed modestly that day, with the Dow Jones Industrial Average down slightly by 0.1%, the Nasdaq Composite down 0.2%, and the S&P 500 roughly flat. The digital asset market remained relatively stable, with Bitcoin rising slightly by 0.2% over 24 hours to $67,143, and Ethereum up 0.9% to $1,968.

Industry analysts believe that Ark Investโ€™s ongoing positioning reflects its long-term view of the value of crypto financial infrastructure. During periods of market sentiment fluctuation and valuation corrections, the firmโ€™s steadfast stance may provide important support for related sectors.

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