Investment house Ark Invest continued a buying spree of Coinbase stock, adding a total of 296,578 COIN shares to its exchange-traded funds (ETFs) on Wednesday, according to the firm’s daily trade information newsletter.

Coinbase share price fell to an all-time low of $38.69 on Tuesday before jumping nearly 4% on Wednesday to $40.19. Based on the closing bell price, yesterday’s purchase is valued at more than $11.9 million.

(By Andrew Asmakov)