ARK Invest Doubles Down on Circle Stock Amid Price Drops

Investment firm ARK Invest has increased its investment in USDC issuer Circle, purchasing another $46 million worth of shares following recent price declines. This comes after ARK offloaded roughly 1.7 million Circle shares in June at an average closing price of $200, generating $352 million. The purchases mark a return to Circle investing for ARK since its previous sales.