Cathie Wood’s Ark Invest increased its exposure to several crypto-linked companies on Wednesday, purchasing a combined $39.6 million worth of shares as the digital asset market continued to weaken.

According to an emailed disclosure, the firm added 463,598 shares of crypto exchange Bullish (BLSH), valued at $16.9 million at the close. Ark also picked up 216,019 shares of stablecoin issuer Circle Internet Group (CRCL) for roughly $15.1 million, along with 260,651 shares of Bitmine Immersion Technologies (BMNR), an ether-focused asset treasury firm, worth $7.6 million.

The St. Petersburg, Florida-based asset manager holds crypto and crypto-adjacent equities across three of its ETFs: Innovation (ARKK), Next Generation Internet (ARKW), and Fintech Innovation (ARKF).

A broad pullback in the crypto market this week—during which bitcoin (BTC) briefly slipped to $89,000 from a recent high of $86,358—has weighed heavily on crypto-related stocks. CRCL and BMNR each slid around 9% on Wednesday, while BLSH, parent company of CoinDesk, dropped 3.63%. The CoinDesk 20 Index (CD20) declined 3.22%.

Ark Invest is known for buying into market dips, either to capitalize on long-term conviction in select equities or to realign its ETF portfolios with target weightings.