According to ChainCatcher, citing The Block, Cathie Wood’s Ark Invest purchased approximately $5.5 million worth of Circle Internet Group shares—41,904 shares—in total, through its ARKK, ARKW, and ARKF ETFs on Monday. This marks Ark’s first purchase of Circle shares since March 24. Following Circle’s release of its first-quarter financial results, its stock closed up 15.91% at $131.76. Circle is currently the sixth-largest holding in ARKK (weighting of 4.6%) and the second-largest holding in ARKF (weighting of 6.66%).
Ark Invest purchases $5.5 million in Circle Internet Group stock
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Summary
Ark Invest executed a $5.5 million purchase of Circle Internet Group stock on Monday, acquiring 41,904 shares through its ARKK, ARKW, and ARKF ETFs. This marks the firm’s first purchase of Circle since March 24. Value investing in crypto remains a core theme for the firm as it continues to adjust its crypto exposure. Circle’s stock rose 15.91% to $131.76 following its Q1 earnings report and is now the sixth-largest holding in ARKK (4.6%) and the second-largest in ARKF (6.66%).
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