Cathie Wood’s Ark buys shares of Sea Ltd.

Ark Investment Management, investment star Cathie Wood, continues to buy losing tech stocks.

On Monday, Ark acquired more than 145,000 shares of Singapore-based Sea Ltd. (SE) – Report by Get Sea Ltd. (Singapore), a digital entertainment/e-commerce/video game/digital financial services company. Ark bought most of the shares of its Internet ETF Ark Next Generation (ARKW) – Get the ARK Next Generation Internet ETF Report.

The prize pool was recently worth around $20.4 million.

The sea stock fell 18% on Monday after India banned one of its leading video games, Free Fire. The stock has fallen 59% in the past three months amid slowing growth in users, video game revenue and e-commerce, Bloomberg reports.

Granted, Sea shares recently traded at $140.60, up 9%.

Ark has recovered Sea’s stock since the start of the year, plunging nearly every day this month, Bloomberg reports.

Sea isn’t the only downed tech-related company Ark has acquired.

Ark’s flagship fund, Ark Innovation ETF (ARKK) – Get the ARK Innovation ETF Reportsnagged more than $400 million from those stocks in the past two weeks, the Wall Street Journal reports.

The list includes financial services company Block (SQ) – Get Square, Inc. Class A ReportRoblox online video game platform (RBLX) – Get Roblox Corp Class A Report. and Robinhood Markets stock brokerage app (HOOD) – Get the Class A report from Robinhood Markets, Inc..

Speculative tech stocks have fallen in recent months amid rising bond yields and anticipation that the Federal Reserve will soon raise interest rates.

Many of Wood’s “disruptive” tech companies are also borrowers, so higher rates mean more debt for them.

Ark Innovation has fallen 38% over the past three months. But Wood is rebellious.

“The important thing to keep in mind is the long-term horizon we’re investing in,” she told investors last month. “We have a five-year horizon. I have never seen innovation on sale like it does today.