“Infost” invests $ 172 million on the “Polish” platform after its missile jumped

The company “Ark Invest”, which runs $ 15 billion assets, purchased $ 172 million shares in Bullish, a digital currency trading platform based in Gibraltar.

In a move that reflects great confidence in the future of the digital currency sector, this deal came after Bullish arrow witnessed a strong leap of 83.8% in the first days of circulation on the New York Stock Exchange (NYSE), where the stock opened at $ 90, then closed at $ 68, before continuing to rise by 11.2% in subsequent trading, according to Yahoo Finance data.

Ark Invest2

ARK is betting on Bullish’s future

The three Ark boxes purchased large quantities of Bullish shares, as the Ark Innovation ETF (Arkk) bought 1.7 million shares, the ARK Next Generation Internet ETF (ARKW): Buy 545,416 shares, the Ark Fintech Innovation Etf (ARKF): Bought 272,755 shares.

Bullish was founded in 2021 with the support of the famous technical investor and founder of PayPal, Peter Thil, and aims to present an institutional and organized trading platform, benefiting from a more flexible American organizational environment.

A successful preliminary proposal and huge financing

In the initial public offering (IPO), Bullish raised about $ 1.1 billion, planning to use it in institutional expansion, operational capital, and potential acquisitions, and analysts described the offering as “attractive”, which prompted investors to interact strongly with the arrow.

“Bullish came with an attractive initial assessment, and investors responded with a strong offer for the share,” said Jeff Zell of the IPO Boutique company.

The return of confidence to the shares of digital currencies

ARK investment in Bullish is an indication of the return of confidence to the shares related to digital currencies, after a wave of optimism in the sector, especially with the improvement of the organizational environment and the increasing institutional interest.