Cathie Wood Pounces On Peter Thiel-Backed Bullish Stock After Wild IPO Surge: Ark Buys Stock Worth $172.22 Million

On Wednesday,Cathie Wood-ledArk Investmade significant trades involvingBullishBLSHandShopify IncSHOP.The Bullish TradeArk Invest made a substantial investment inBullish, purchasing a total of 2,532,693 shares across itsArk Fintech Innovation ETFARKF,ARK Innovation ETFARKK, andARK Next Generation Internet ETFARKWETFs. This move comes in the wake of thePeter Thiel-backed cryptocurrency exchange’simpressive IPO debut, where the stock opened at $90.45 per share, significantly above its IPO price of $37.The shares surged over 200% shortly after, leading to a trading halt due to volatility. At the end of the day, the stock finished at $68, rising 84% over 24 hours. It was seen trading 11.2% higher in the after-hours trading. Calculated on the basis of the closing price, Ark’s share purchase was valued at a whopping $172.22 million.The Shopify TradeArk Invest also executed a sell-off of 21,240 shares ofShopifywithin itsARKFETF. The trade, valued at approximately $3.2 million based on Shopify’s closing price of $150.09, reflects a recalibration of Ark’s holdings in the e-commerce giant. Shopify recently reportedstrong fiscal second-quarterresults, with a 31% year-over-year revenue increase to $2.68 billion, surpassing analyst expectations.Other Key Trades:Trending Investment OpportunitiesAdvertisementArrivedBuy shares of homes and vacation rentals for as little as $100.Get StartedWiserAdvisorGet matched with a trusted, local financial advisor for free.Get StartedPoint.comTap into your home's equity to consolidate debt or fund a renovation.Get StartedRobinhoodMove your 401k to Robinhood and get a 3% match on deposits.Get StartedSold 25,752 shares ofGuardant Health Inc(GH) inARKG.Bought 56,939 shares ofCareDx Inc(CDNA) inARKG.Sold 93,988 shares of908 Devices Inc(MASS) inARKG.Benzinga’s Edge Stock Rankingsshow Bullish does not rank high on Short, Medium and Long Price Trends.Here is how crypto-rival Coinbase stacks up.Photo: ChrisStock82 / ShutterstockLoading...Loading...Read Next:CAVA Operating In ‘Fluid’ Macro Environment Creating ‘Fog For Consumers,’ Says CFO — But No Pullback YetThis story was generated usingBenzinga Neuroand edited byShivdeep DhaliwalARKFARK Fintech Innovation ETF$55.300.05%Stock Score Locked: Edge Members OnlyBenzinga Rankings give you vital metrics on any stock – anytime.Unlock RankingsEdge RankingsMomentum93.17Price TrendShortMediumLongOverviewARKKARK Innovation ETF$77.551.00%ARKWARK Next Generation Internet ETF$162.930.36%BLSHBullish$75.60-%SHOPShopify Inc$150.500.80%Market News and Data brought to you by Benzinga APIs© 2025 Benzinga.com. . .Posted In:EquitiesNewsMarketsETFsARK InvestArk TradesCathie WoodETFsPeter Thiel