Cathie Wood Buys $8.2M of Bullish Stock After 27% June Slump
BLSH•BLSH shares fell 27% in June as crypto prices slumped, but rallied 1.35% in early Q3. Cathie Wood’s Ark Invest bought $8.2 million of BLSH stock during June’s dip, part of a $75 million crypto equity purchase spree.
1. June Share Decline
BLSH shares tumbled 27% in June as the price of Bitcoin slid nearly 20% to a 21-month low, amplifying losses across cryptocurrency-related equities.
2. Ark Invest Dip Buying
Cathie Wood’s Ark Invest acquired $8.2 million of BLSH stock in June, joining purchases of $44 million in Coinbase and $25.25 million in Circle Internet Group as part of a $75 million crypto equity buying spree.
3. Early Q3 Recovery
BLSH stock climbed 1.35% on the first trading day of July, mirroring a broader cryptocurrency market rebound with Bitcoin up 1.79% and XRP rising 4.09%.
