What to know : Ark Invest added another $18 million worth of crypto-adjacent stocks to its holdings on Thursday. Ark's Bullish purchase extends its run of consecutive days of buying equity in the crypto exchange. The investment company also bought $12 million worth of crypto-friendly trading platform Robinhood and $4 million worth of ether treasury firm Bitmine Immersion Technologies.
Ark Invest added another $18 million worth of crypto-adjacent stocks to its holdings on Thursday, including a $2 million purchase of shares in cryptocurrency exchange Bullish (BLSH).
The St. Petersburg, Florida-based company also bought $12 million worth of crypto-friendly trading platform Robinhood (HOOD) and $4 million worth of ether treasury firm Bitmine Immersion Technologies (BMNR), according to an emailed disclosure on Friday.
Ark's investment in Bullish, the parent company of CoinDesk, extends its run of consecutive equity purchases in the crypto exchange to 10 days. Bullish shares fell 0.53% to $31.71 on Thursday.
BLSH shares have lifted from a trough of around $24 on Feb. 5 to trade either side of the $30 mark over the last week. They remain, however, more than 16% lower year-to-date.
HOOD shares fell 8.9% on Thursday, closing at $71.12 as U.S tech stocks sank, taking bitcoin with them.
Bitmine defied the broader market to rise 1.39% to $19.74.
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