Cathie Wood Fully Invests in Peter Thiel's Crypto Strategy with Consecutive Million-Dollar Purchases

Ark Invest's Significant Trades: On Tuesday, Ark Invest, led by Cathie Wood, made notable trades, primarily purchasing 23,963 shares of Bullish, a cryptocurrency exchange, valued at approximately $1.09 million.

Bullish's IPO Details: Bullish recently increased the size and price of its upcoming IPO, offering 30 million shares priced between $32 and $33, aiming for a nearly $5 billion valuation.

Ark's Previous Investment: Just a day prior, Ark Invest had purchased $11.9 million worth of Bullish stock, while Coinbase remains one of Ark's largest holdings, constituting 5.96% of its ARKK ETF.

Stock Ranking: Benzinga's Edge Stock Rankings indicate that Bullish stock ranks poorly across Short, Medium, and Long Price Trends compared to its competitor, Coinbase.