Ark Invest bought $5 million worth of Bullish (BLSH) shares on Thursday, the fourth consecutive day it added BLSH shares to its exchange-traded funds (ETFs).
Cathie Wood’s investment manager has purchased $12.5 million worth of shares in the crypto group, which is also the parent company of CoinDesk, since Monday based on closing stock prices, according to emailed disclosures.
BLSH shares closed down 0.2% at $35.96 on Thursday, having fallen more than 17% in the past two weeks, a period in which bitcoin struggled to overcome the $80,000 resistance.
Ark frequently uses broader digital asset declines, which tend to drag down cryptocurrency stocks, as an entry point into cryptocurrency companies.
