Cathie Wood's Ark Invest Buys $30 Million in Circle Shares Ahead of Potential Arc Token

Ark Invest, the investment firm of noted tech investor Cathie Wood, added more than $30 million worth of shares of stablecoin issuer Circle (CRCL) on Wednesday, the firm reported.  The firm added 353,328 total shares of CRCL across three of its actively managed ETFs, and now holds nearly 3 million total shares valued around $255 million.  Ark’s latest buy comes amid a major fall in Circle’s share price, which has dropped by more than 20% in the last 5 trading days. CRCL was recently changing hands at $86.21 ...