BlockBeats News, June 6th, according to Coindesk, Cathie Wood's ARK Invest bought nearly 4.5 million shares on the first day of trading for stablecoin issuer Circle (stock code: CRCL). Calculated at the closing price that day, the position is worth $373 million.
ARK Invest has included USDC issuer Circle in its investment portfolio, along with other crypto-related companies such as Coinbase (COIN), Robinhood (HOOD), and Block (XYZ), providing exposure to the cryptocurrency industry.
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