9 Articles
9 Articles
Ark Invest Led by Cathie Wood Makes a Major Investment in This Stablecoin Company!
Ark Invest, led by Cathie Wood, made a major investment in Circle on the day it went public, purchasing 4,486,560 shares worth $373.4 million. Ark Invest Purchases $373 Million in Circle Shares The acquisitions were made through Ark’s Innovation (ARKK), Next Generation Internet (ARKW) and Fintech Innovation (ARKF) funds. The purchase came the same day Circle began trading on the New York Stock Exchange (NYSE) under the symbol “CRCL.” The company…
Circle IPO Sends CRCL Stock Soaring 288%
The Circle IPO has officially rocked Wall Street. Since debuting on the New York Stock Exchange, shares of Circle Internet Financial (NYSE:CRCL) have climbed a jaw-dropping 288%. The stablecoin issuer priced its IPO at $31, but by Friday afternoon, CRCL shares had surged past $120, capping off a 45% single-day gain and catapulting the company’s market cap above $23 billion. This sudden and aggressive rally is the biggest post-IPO performance of …
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…
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