Cathie Wood’s ARK bags $46M of Circle stock as price dips below $90
Cathie Wood’s investment company, ARK Invest, is back to buying Circle, making its first purchases since selling 1.7 million shares in June.
Cathie Wood’s investment company ARK Invest is back to buying shares of USDC issuer Circle as the stock sinks below $90.
ARK bought a total of 542,269 Circle (CRCL) shares over the past two trading days, investing around $46 million, according to the firm’s daily trading disclosures seen by Cointelegraph.
The two acquisitions — a $30.4 million purchase on Wednesday and a $15.5 million buy on Thursday — came amid a decline in CRCL shares, which closed at $86 and $82.30, respectively.