Ark Invest continued its crypto equity buying streak on Thursday, adding $38.7 million in shares of cryptocurrency-related companies as the broader market extended its losses.
The activity follows Wednesday’s purchases, when the firm spent $39.6 million on Bullish (BLSH), Bitmine Immersion Technologies (BMNR), and Circle Internet (CRCL).
On Thursday, Ark bought 42,419 Coinbase (COIN) shares, valued at $10.1 million based on the closing price of $238.16, down 7.44% on the day. The CoinDesk 20 Index (CD20) dropped more than 4.7% in the session.
The firm also acquired 380,244 shares of Bitmine Immersion Technologies, worth just under $10 million, according to a Friday disclosure. BMNR closed at $26.02, falling over 10%, its lowest level since adopting an Ethereum-focused digital treasury strategy in June.
Additionally, Ark added 264,534 shares of Bullish and 134,650 shares of Circle Internet Group, valued at roughly $9.7 million and $9 million, respectively. CRCL fell 4% to $66.93, while BLSH edged up 0.3% to $36.30.
Notably, Bullish, the crypto exchange, is also the parent company of CoinDesk.
