TechFlow News, May 22: According to The Block, Ark Invest—founded by Cathie Wood—purchased a total of 139,117 shares of Bullish stock on Thursday through its three ETFs—ARKK, ARKW, and ARKF—for approximately $5 million. Combined with the $4.4 million in purchases made earlier this week on Monday and Tuesday, Ark Invest has been steadily increasing its Bullish position recently. Despite Bullish’s stock price falling 2.73% that day to $35.96, down 8.9% over the past five trading days and 14.2% over the past month.
Earlier, Bullish’s Q1 earnings report revealed a net loss that widened to $604.9 million—nearly double year-on-year—while adjusted revenue rose from $62.4 million to $92.8 million.
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