On February 9, 2026, Cathie Wood’s Ark Invest acquired $1.83 million in Bullish shares across three ETFs, capitalizing on a 16.76% stock surge to $32.05, according to The Block. This follows a $10.8 million purchase on Friday, while selling $22.2 million in Coinbase shares, signaling a strategic shift toward Bullish, the institutional crypto exchange backed by Peter Thiel and Block. one. Bullish’s rally aligned with broader market gains, as Coinbase rose 1.29% to $167.25, Circle gained 5.36%, and Bitmine advanced 4.79%. The Block’s price data.
Ark Invest bought 57,164 Bullish shares on Monday, adding to Friday’s 393,057 shares, reflecting confidence in Bullish’s institutional-grade platform, Ark’s trading disclosure. The exchange’s focus on regulated trading, deep liquidity, and hybrid CeFi-DeFi models appeals to Ark’s disruptive tech thesis. Meanwhile, Bitcoin dipped 1.36% to $69,786, and Ethereum edged up 0.7% to $2,097, according to The Block’s BTC price page. Bullish’s performance outpaced peers, driven by Ark’s buying and positive equity sentiment, with the Nasdaq Composite up 0.9%.
The Dow Jones hit a fresh high with a 0.04% gain, while the S&P 500 rose 0.47%, boosting crypto-related stocks. Bullish’s 16.76% jump highlights its appeal amid institutional adoption, contrasting Bitcoin’s slight pullback. Ark’s pivot from Coinbase to Bullish suggests a bet on specialized exchanges. Regulatory clarity, including the GENIUS Act for stablecoins, supports Bullish’s growth. However, SEC scrutiny on crypto equities remains a risk, Coinlaw.io.
Bullish could target $40 if momentum holds, with Ark’s continued buying signaling long-term confidence, Techopedia. Cathie Wood’s strategy positions Bullish as a key player in institutional crypto, potentially outpacing Coinbase in niche markets. Investors should monitor Ark disclosures via ark-funds.com and Bullish volume on mexc.com. Dollar-cost averaging into Bullish or Coinbase, with stop-losses below $30 and $160, mitigates volatility, TradingView. Follow @TheBlock__ on X for updates. Bullish’s rally, backed by Ark, points to a strong 2026 for crypto equities.
