Cathie Wood’s ARK buys another 220K Circle shares despite sell-off

CoinTelegraph·

Cathie Wood’s ARK buys another 220K Circle shares despite sell-off

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Cathie Wood's ARK Invest is buying another 220,000 Circle shares, adding $13.9 million to its portfolio, extending its July buying spree to 725,517 shares. This move comes despite a steep stock decline, with Circle shares plummeting due to the collapse of FTX and the broader crypto market downturn, sparking concerns about the industry's stability.

Cathie Wood’s ARK Invest added $13.9 million worth of Circle shares on Tuesday, extending its July buying spree to 725,517 shares amid a steep stock decline.