ARK Invest has continued to build exposure to crypto-related equities during recent market weakness, taking advantage of broader digital asset declines to accumulate positions across the sector.

On Thursday, the firm purchased an additional $5 million worth of Bullish shares, marking the fourth straight day of buying through its exchange-traded funds (ETFs). The steady accumulation suggests ongoing conviction despite persistent market pressure.

Since Monday, ARK has acquired roughly $12.5 million in Bullish stock based on closing prices and disclosed ETF activity. Bullish, the crypto exchange operator and parent company of CoinDesk, has been a consistent focus of the firm’s recent buying activity.

Despite the continued inflows, Bullish shares closed Thursday slightly lower, down 0.2% at $35.96. Over the past two weeks, the stock has fallen more than 17%, tracking the broader downturn in crypto-linked equities as Bitcoin struggled to reclaim the $80,000 resistance level.

The latest buying spree reinforces ARK’s familiar strategy of adding exposure during periods of volatility, when digital asset weakness tends to weigh on publicly traded crypto companies.