ARK Invest Doubles Down on Stablecoins with $373 Million Circle Share Acquisition

ARK Invest has taken a significant step in the crypto space by acquiring nearly 4.5 million shares of Circle, valued at $373 million, during its much-anticipated debut on the New York Stock Exchange. This move comes as ARK continues to adjust its portfolio, reducing its holdings in Coinbase and Robinhood, suggesting a shift toward stablecoin infrastructure and regulatory frameworks. The news has sparked excitement within the crypto community, with many viewing it as a bullish sign for the future of stablecoins.