The Cathie Wood-led investment firm has a tendency to "buy the dip," loading up on shares in cryptocurrency companies at times when their prices are depressed.

Ark bought $6.85 million worth of Coinbase shares, $6.21 million worth of Circle Internet Group, and $3.54 million in Bullish on Monday.

ARK Invest bought $43M in Coinbase and Circle shares over three trading days as both crypto stocks fell double digits. Here's what it means for investors.