Cathie Wood’s ARK Invest continued its dip-buying strategy on Monday, acquiring around $72 million in crypto-related stocks as bitcoin briefly fell below $75,000, pulling down equities linked to digital assets.

The purchases, executed across ARKF, ARKK, and ARKW, included exchanges, brokerages, and crypto infrastructure companies such as Robinhood, Circle Internet, Coinbase, Bullish, CoreWeave, Bitmine Immersion Technologies, and Block. (Bullish is the parent company of CoinDesk.)

Breakdowns across ARK’s funds showed $32.7 million added to Robinhood (HOOD), $14.6 million to CoreWeave (CRWV), $9.4 million to Circle (CRCL), $6.3 million to Bitmine (BMNR), $6.0 million to Bullish (BLSH), $1.9 million to Block (XYZ), and $1.3 million to Coinbase (COIN).

The move aligns with ARK’s long-standing approach of buying into crypto-linked equity weakness, betting that cyclical downturns eventually give way to renewed adoption and increased transaction volumes. It follows a similar strategy in late January, when the firm spent $21.5 million on Coinbase, Circle, and Bullish shares as bitcoin dipped under $90,000.

The purchases also reflect CEO Cathie Wood’s view that bitcoin can act as a portfolio diversifier. According to ARK research, bitcoin’s correlations with stocks, bonds, and gold have historically been lower than the correlations among those traditional assets, making crypto a potential complement to conventional investment portfolios.