Ark Invest bought $5 million worth of bullish stock ( BLSH ) on Thursday, the fourth straight day it has added BLSH shares to its exchange-traded funds (ETFs).
Cathie Woods chief investment officer has bought $12.5 million worth of shares in the crypto group, which is also CoinDesk’s parent company, since Monday based on the stock’s closing prices, according to emailed disclosures.
BLSH stock closed 0.2% lower at $35.96 on Thursday, after falling more than 17% in the past two weeks, a period in which bitcoin struggled to break above the $80,000 resistance.
Ark often uses broader digital asset declines, which tend to drag crypto stocks lower, as an entry point for cryptocurrency businesses.
