Investment firm Ark Invest, led by Cathie Wood, made a significant move with a purchase of $172 million worth of shares on the first trading day of the newly public cryptocurrency exchange Bullish. This was part of a larger investment strategy as indicated by the company’s recent moves in acquiring stock within the crypto market. Ark Invest’s ETF holdings (ARKK, ARKW, and ARKF) purchased 1.7 million, 545,416, and 272,755 shares of Bullish respectively. Shares surged by an impressive 83.8%, closing at $68 after the IPO on the New York Stock Exchange (NYSE). This comes with Bullish raising a total of $1.1 billion in the IPO offering. The share price continued to climb even further with a 11.2% increase during after-hours trading.