Cathie Wood’s ARK Invest added $13.9 million worth of Circle shares on Tuesday, extending its July purchase to 725,517 shares amid a sharp decline in the stock.
Cathie Wood’s ARK Invest is doubling its bet on USDC issuer Circle even as the company’s shares remain under pressure.
ARK bought another 220,000 shares of Circle Internet Group ( CRCL ) through three of its actively managed exchange-traded funds on Tuesday, according to a daily trade announcement reviewed by Cointelegraph.
Based on Circle’s Tuesday closing price of $63.22 New York Stock ExchangeARK’s last purchase was worth about $13.9 million.
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