As Tesla shares continued to rally on day two, Cathie Wood-LED ARK Investment Management bought 22,514 shares of the electric vehicle manufacturer’s stock at an estimated value of over $2.74 million.

Shares of Tesla closed up 8.08% on Thursday. The rally continues after Wednesday’s recovery Elon Musk’s Appeal to the employees not to “let themselves be disturbed by stock market madness”. In an email sent to employees on Wednesday, Musk allegedly said it was him believes Tesla will be the world’s most valuable company over the long term.

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has wood bought Tesla now for the third straight day after buying over 65,000 shares of the EV maker’s stock this week. Since mid-December, ARK has topped up over 254,000 Tesla shares, despite the stock’s downfall following Musk’s interaction with Twitter.

Tesla is the flagship’s third-largest holding ARK Innovation ETF ARKK with a weighting of 6.26% and at the same time the fourth largest holding of the ARC Autonomous Tech. & Robotics ETF ARCQ with a weighting of 7.21%, according to the latest data available on the company’s website.

Miscellaneous Buy: ARK also bought over 158,000 shares of Coinbase Global Inc COIN Shares at an estimated valuation of over $5.4 million on Thursday. The purchase was made through ARK Fintech Innovation ETF ARKF.

Coinbase allows users to trade and hold cryptocurrencies such as Bitcoin BTC/USD, ether ETH/USD and Dogecoins DOGE/USD.

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