Ark Invest bought $38.7 million worth of shares in cryptocurrency companies on Thursday, as the broader cryptocurrency market extended its losses.
The purchases echo activity on Wednesday, when it bought a combined $39.6 million from Bullish (BLSH), Bitmine Immersion Technologies (BMNR), and Circle Internet (CRCL).
The St. Petersburg, Florida-based investment manager purchased 42,419 shares of Coinbase (COIN), worth $10.1 million based on Thursday’s closing price of $238.16, down 7.44% on the day.
The CoinDesk 20 Index (CD20) fell more than 4.7% on Thursday.
The Cathie Wood-led firm also bought 380,244 shares of Bitmine Immersion Technologies, worth just under $10 million, according to an emailed disclosure on Friday.
BMNR fell more than 10% to close at $26.02, its lowest point since adopting an Ethereum-focused digital treasury strategy in June.
Ark added 264,534 shares of Bullish and 134,650 shares of Circle Internet Group, worth about $9.7 million and $9 million respectively.
CRCL fell 4% on Thursday to $66.93, while BLSH held firm with a 0.3% rise to $36.30.
The parent company of crypto exchange Bullish also owns CoinDesk.
