institutional access

You are connecting from
Lake Geneva Public Library,
please login or register to take advantage of your institution's Ground News Plan.

Published loading...Updated

Cathie Wood's ARK Invest Bought $373M Worth of Circle (CRCL) Shares on First Day of Trading

Summary by Coin Desk
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.

9 Articles

All
Left
Center
2
Right
1

Key points of the news: Ark Invest invested $373.4 million in Circle shares after its stock debut, which closed with a rise of almost 200% on its first day. To finance the purchase, Ark sold positions in Coinbase, Robinhood, Block and its own Bitcoin ETF, although ARKB remains its largest asset. Circle, a USDC issuer with $60.6 billion in circulation, achieved its IPO despite the volatility caused by Trump’s tariff policies. Ark Invest made a $3…

Think freely.Subscribe and get full access to Ground NewsSubscriptions start at $9.99/yearSubscribe

Bias Distribution

  • 67% of the sources are Center
67% Center
Factuality

To view factuality data please Upgrade to Premium

Ownership

To view ownership data please Upgrade to Vantage

Coin Desk broke the news in Manila, Philippines on Friday, June 6, 2025.
Sources are mostly out of (0)