Ark Invest's Cathie Wood Bought Shares of Circle Internet Group and SpaceX

cryptonews.ruPublished on 2026-08-06Last updated on 2026-08-06

Abstract

Ark Invest, led by Cathie Wood, purchased shares in Circle Internet Group and SpaceX. The firm bought 273,343 shares of Circle, the issuer of the USDC stablecoin, across several of its ETFs, including ARKK, ARKW, and ARKF, for approximately $17.3 million. This investment represents about 3.68% of the ARKK portfolio. Circle reported positive Q2 results, with revenue rising 7% to $701 million and USDC circulation increasing 19% to $73.3 billion. Concurrently, Ark Invest acquired 181,830 shares of SpaceX, valued at nearly $20 million, through its ARKK, ARKQ, ARKW, and ARKX funds. While SpaceX reported a 92% surge in revenue to $7.8 billion, its shares fell 13.61% due to high costs exceeding $18.4 billion, attributed to AI capability expansion. Elon Musk expressed confidence that the company's revenue could reach $1 trillion by 2029-2030.

This week, Ark Invest, managed by Cathie Wood, reported investing in shares of Circle Internet Group and SpaceX.

Ark Invest purchased 273,343 shares of Circle, the issuer of the stablecoin $USDC, through its exchange-traded funds Ark Innovation ETF (ARKK), Ark Next Generation Internet ETF (ARKW), and Ark Blockchain & Fintech Innovation ETF (ARKF). At the closing price of $63.28, this purchase amounted to $17.3 million.

Circle's share in the ARKK portfolio now stands at 3.68%, roughly equivalent to $223.4 million, which aligns with the company's strategy where no single asset should exceed 10% of the fund's portfolio.

Circle's financial results for the second quarter were positive. On August 4, the company reported that its revenue grew by 7% to reach $701 million, and the circulation volume of $USDC increased by 19% to $73.3 billion.

Simultaneously, Ark Invest purchased 181,830 shares of SpaceX through ARKK, ARKQ, ARKW, and ARKX for nearly $20 million.

Earlier, the Happy Coin News editorial reported that despite the company's impressive revenue growth of 92% to $7.8 billion, SpaceX's stock fell by 13.61% due to high costs, which exceeded $18.4 billion in the second quarter. Management explained the expenses as expanding artificial intelligence capabilities, and Elon Musk expressed confidence that the company's revenue would reach $1 trillion by 2029-2030.

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Related Questions

QWhich two companies did Ark Invest, managed by Cathie Wood, invest in according to the article?

AArk Invest invested in the stocks of Circle Internet Group and SpaceX.

QHow many shares of Circle did Ark Invest buy, and what was the total value of this purchase?

AArk Invest purchased 273,343 shares of Circle at a closing price of $63.28, for a total value of $17.3 million.

QWhat positive financial results did Circle report for the second quarter?

AFor the second quarter, Circle reported a 7% increase in revenue to $701 million and a 19% increase in the circulating volume of its stablecoin USDC to $73.3 billion.

QDespite impressive revenue growth, why did SpaceX's stock price fall by 13.61%?

ASpaceX's stock price fell by 13.61% due to high costs, which exceeded $18.4 billion in the second quarter. Management explained the expenses were related to expanding artificial intelligence capabilities.

QAccording to the article, what future revenue milestone did Elon Musk predict for SpaceX, and by when?

AElon Musk expressed confidence that SpaceX's revenue would reach $1 trillion by 2029–2030.

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