Cathie Wood’s ARK Invest Bought $373M Worth of Circle (CRCL) Shares on First Day of Trading

Cathie Wood’s ARK Invest purchased practically 4.5 million Circle (CRCL) shares on the stablecoin issuer’s first day of buying and selling, a holding price $373 million on the inventory’s closing worth.

The St Petersburg, California-based funding supervisor was fast so as to add the USDC issuer to its portfolio corporations that present publicity to the crypto business together with the likes of Coinbase (COIN), Robinhood (HOOD) and Block (XYZ).

Circle shares surged on the corporate’s New York Stock Exchange debut, climbing as excessive as $103.75, round 50% greater than its opening worth of $69. CRCL closed at $83.23 on Thursday. The IPO worth was $31.

ARK additionally offloaded a bit of shares in different crypto corporations, promoting $39 million of COIN, $18.5 million of HOOD and $10.4 million of XYZ.

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