ARK Invest added $18 million in crypto-linked equities to its portfolio on Thursday, including a fresh $2 million stake in cryptocurrency exchange Bullish (BLSH).
The St. Petersburg, Florida-based investment manager also purchased $12 million worth of shares in crypto-friendly trading platform Robinhood (HOOD) and allocated $4 million to ether treasury firm Bitmine Immersion Technologies (BMNR), according to a disclosure emailed Friday.
ARK’s latest buy extends its streak of consecutive equity purchases in Bullish — the parent company of CoinDesk — to 10 trading days. Bullish shares slipped 0.53% to close at $31.71 on Thursday.
The stock has rebounded from a low near $24 on Feb. 5 and has traded around the $30 level over the past week, though it remains down more than 16% since the start of the year.
Robinhood shares dropped 8.9% to $71.12 on Thursday as U.S. technology stocks retreated, dragging down Bitcoin alongside them. Meanwhile, Bitmine outperformed the broader market, rising 1.39% to finish at $19.74.
