Bullish Soars 16.8% After ARK Invest Adds $17.8M Stake Following Losses
Bullish shares jumped 16.8% after ARK Invest acquired $17.8 million of stock across three of its ETFs. The crypto exchange reported a Q4 net loss of $563 million, widening its full-year 2025 loss to $785 million as digital asset sales dipped 2% to $244.8 billion.
1. ARK Invest Boosts Stake
ARK Invest acquired $17.8 million of Bullish shares, distributing purchases among its Innovation, Next Generation Internet, and Fintech Innovation ETFs to establish a significant position in the crypto exchange.
2. Shares Surge on Stake Purchase
Bullish shares jumped 16.76% after the investment firm’s stake increase, reflecting heightened investor interest despite the company’s recent financial challenges.
3. Q4 and Full-Year Losses Widen
The exchange reported a Q4 net loss of $563 million, reversing a $158.46 million profit a year earlier, and widened its full-year 2025 net loss to $785 million as digital asset sales fell 2% to $244.8 billion.
4. 2026 Revenue Target Set
For full-year 2026, Bullish aims to generate $220 million to $250 million in subscription, services, and other revenues, targeting diversification beyond trading fees.