Cathie Wood’s ARK Invest bought 109,129 Circle shares after the stablecoin issuer secured a limited-purpose trust charter in New York.
ARK Invest adds 109,129 Circle shares
ARK purchased 77,103 Circle shares through its flagship ARK Innovation ETF, according to the firm’s daily trade disclosures. The ARK Next Generation Internet ETF added 22,238 shares, while the ARK Fintech Innovation ETF acquired another 9,788.
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Together, the purchases totaled 109,129 shares. They were worth approximately $6.83 million based on Circle’s July 31 closing price of $62.61.
The investment extended ARK’s exposure to Circle as the company expands its regulated stablecoin infrastructure in the United States. It also followed ARK’s roughly $40.2 million purchase of Tesla, SpaceX and Nvidia shares on July 28 during a broader technology-sector sell-off.
ARK made several other purchases on July 31, including 298,243 CoreWeave shares, 12,512 shares of the 3iQ Solana Staking ETF, 7,500 Pony AI shares and 2,700 Kodiak AI shares.
The firm reduced its positions in Shopify, Cloudflare, CrowdStrike, Snowflake, 10x Genomics, Komatsu, Brera Holdings, Iridium Communications and Figma.
