Ark Invest has increased its holdings in BitMine, Coinbase, and Bullish stocks again

According to The Block, Ark Invest, led by Cathie Wood, purchased $10.56 million worth of BitMine stock, $5.90 million worth of Coinbase stock, and $8.85 million worth of Bullish stock through its three ETFs on Wednesday. The company is increasing its holdings while these cryptocurrency stocks are significantly discounted.

BitMine (BMNR) saw its stock price drop 6.59% on Wednesday, closing at $29.32, down about 24% from five days ago. Coinbase's stock price fell 3.33% on Wednesday to $244.19, with a cumulative decline of 8.78% over the past five days. Bullish's stock price decreased 1.89% to $42.15, with a cumulative drop of 6.41% over five days.