Ark Invest Acquires $373.4 Million in Circle’s IPO
- Ark Invest, led by Cathie Wood, invested $373.4 million in Circle’s IPO.
- Circle debuted on the New York Stock Exchange under the ticker CRCL.
- The investment spans Ark’s Innovation, Next Generation Internet, and Fintech Innovation funds.
- Ark sold shares in Coinbase, Robinhood, Block, and its Bitcoin ETF to fund this purchase.
- Circle is now among the top ten holdings in Ark’s key funds.
Ark Invest strategically acquired nearly 4.5 million shares of Circle during its successful IPO debut on June 6, 2025. This move involved reallocating investments from other major companies to strengthen their position in the cryptocurrency market.
Source (2.6)https://hodl.press/ark-invest-acquires-circle-shares-worth-over-373-million/?rand=24434
