ARK Invest's Cathie Wood Buys 109,129 Circle Shares Worth $6.83 Million
ARK Invest, led by Cathie Wood, purchased approximately 109,129 shares of Circle for nearly $6.83 million across three of its ETFs: ARK Innovation, ARK Next Generation Internet, and ARK Fintech Innovation. This investment followed Circle's recent receipt of a trust charter license from the New York Department of Financial Services for its subsidiary, Circle New York Trust, which CEO Jeremy Allaire described as a long-term company goal. Despite this regulatory approval, Circle's stock (CRCL) fell 2.54% to $62.61 on July 31, as investors may not have viewed the license as a catalyst for growth. In the same period, ARK Invest also bought shares in Tesla, SpaceX, and Nvidia worth about $40.2 million amid a broader tech sell-off, while reducing its holdings in companies like Shopify, Cloudflare, and CrowdStrike.
cryptonews.ru08/02 11:47
