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Ark Invest buys $18 million of crypto stocks including 10th consecutive Bullish purchase

Ark also bought $12 million worth of crypto-friendly investment platform Robinhood and $4 million worth of ether treasury firm Bitmine Immersion Technologies.

Feb 13, 2026, 12:13 p.m.
Ark Invest's Cathie Wood (Danny Nelson, modified by CoinDesk)
Ark Invest's Cathie Wood (Danny Nelson, modified by CoinDesk)

What to know:

  • Ark Invest added another $18 million worth of crypto-adjacent stocks to its holdings on Thursday.
  • Ark's Bullish purchase extends its run of consecutive days of buying equity in the crypto exchange.
  • The investment company also bought $12 million worth of crypto-friendly trading platform Robinhood and $4 million worth of ether treasury firm Bitmine Immersion Technologies.

Ark Invest added another $18 million worth of crypto-adjacent stocks to its holdings on Thursday, including a $2 million purchase of shares in cryptocurrency exchange Bullish (BLSH).

The St. Petersburg, Florida-based company also bought $12 million worth of crypto-friendly trading platform Robinhood (HOOD) and $4 million worth of ether (ETH) treasury firm Bitmine Immersion Technologies (BMNR), according to an emailed disclosure on Friday.

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Ark's investment in Bullish, the parent company of CoinDesk, extends its run of consecutive equity purchases in the crypto exchange to 10 days. Bullish shares fell 0.53% to $31.71 on Thursday.

BLSH shares have lifted from a trough of around $24 on Feb. 5 to trade either side of the $30 mark over the last week. They remain, however, more than 16% lower year-to-date.

HOOD shares fell 8.9% on Thursday, closing at $71.12 as U.S tech stocks sank, taking bitcoin with them.

Bitmine defied the broader market to rise 1.39% to $19.74.

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BitGo at NYSE. (X/Matt Ballensweig)

Compass Point and Canaccord call BitGo a potential acquisition target and defend the stock despite its weak debut, citing growth in institutional crypto infrastructure.

What to know:

  • Wall Street analysts say BitGo’s expansion into full-service institutional crypto finance could drive long-term growth and make it an attractive acquisition target for traditional financial firms.
  • Analysts argue that investors are overlooking BitGo’s potential to cross-sell prime brokerage-style services, which could significantly boost revenue if it can narrow the gap with rivals like Galaxy and Coinbase.
  • Despite BitGo’s stock falling more than 40% since its January IPO, some analysts view the selloff as an overreaction and maintain buy ratings, citing the company’s solid competitive moat and strategic value to big banks entering crypto.