Ark Invest CEO Cathie Wood on Thursday purchased 158,116 shares of crypto exchange Coinbase and 22,514 shares of electric vehicles firm Tesla. Cathie Wood has been actively buying Coinbase and Tesla shares in December as share price falls to new lows. Both COIN and TESLA shares recorded over 6% and 8% jump on Thursday.

On a day Tesla Inc (NASDAQ: NASDAQ:TSLA) stock dropped to over two-year lows, Cathie Wood’s ARK Investment Management took the opportunity to load up on the EV maker’s shares, displaying its unflinching trust in the company.

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.

Ark Invest’s CEO Cathie Wood buys more shares of cryptocurrency exchange Coinbase (COIN) and electric vehicles firm Tesla from the dip. Cathie Wood remains bullish on electric vehicles and cryptocurrencies, especially Bitcoin. Ark Invest founder Cathie Wood recently reiterated that Bitcoin price could hit $1 million by 2030.

Cathie Wood's Ark Invest bought shares in Grayscale's Bitcoin Trust (GBTC) on Monday, days after the trust's discount reached a new low.