Ark Invest bought $38.7 million worth of shares in crypto companies on Thursday as the broader cryptocurrency market extended its losses.
The purchases mirror Wednesday’s activity, 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 bought 42,419 shares of Coinbase (COIN), valued at $10.1 million based on Thursday’s close of $238.16, down 7.44% on the day.
The CoinDesk 20 Index (CD20) fell over 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 finance strategy in June.
Ark added 264,534 Bullish shares and 134,650 Circle Internet Group shares, valued at about $9.7 million and $9 million, respectively.
CRCL fell 4% Thursday to $66.93, while BLSH held steady, up 0.3% to $36.30.
Crypto exchange Bullish’s parent company also owns CoinDesk.
