CoinInsight360.com logo CoinInsight360.com logo
America's Social Casino

CoinDesk 2025-06-06 08:19:44

ARK Invest Loaded Up $373M Worth of Circle Shares on First Day of Trading

Cathie Wood's ARK Invest bought nearly 4.5 million Circle (CRCL) shares on the stablecoin issuer's first day of trading, a holding worth $373 million at the stock's closing price. The St Petersburg, California-based investment manager was quick to add the USDC issuer to its portfolio companies that provide exposure to the crypto industry along with the likes of Coinbase (COIN), Robinhood (HOOD) and Block (XYZ). Circle shares surged on the company's New York Stock Exchange debut , climbing as high as $103.75, around 50% higher than its opening price of $69. CRCL closed at $83.23 on Thursday . The IPO price was $31. ARK also offloaded a chunk of shares in other crypto companies, selling $39 million of COIN, $18.5 million of HOOD and $10.4 million of XYZ. Read More: ARK Invest Bought $9.4M Worth of eToro Shares on Trading Platform's Debut

Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.