Ark Invest Drops $373M on Circle Shares Post-IPO!

Cathie Wood's Bold Move into Stablecoin Giant

Hang onto your hats, crypto fans! Cathie Wood's Ark Invest just made a massive splash in the stock market, diving headfirst into Circle's newly minted shares. We're talking a cool $373 million on the table for a whopping 4.5 million shares of CRCL!

Right after Circle's long-awaited debut on the New York Stock Exchange, Wood's team didn't waste a second. They snapped up those shares like hotcakes, showing the world they believe in the future of stablecoins.

But where did all these shares land? Spread across three of Ark's powerhouse ETFs: ARKK, ARKW, and ARKF. Each ETF got a piece of the pie, with ARKK grabbing the lion's share at 3,025,089 CRCL, ARKW snagging 927,318 CRCL, and ARKF not far behind with 524,153 CRCL.

Here's the breakdown of Cathie Wood and Ark Invest's stock market moves today on 6/5:

Circle hit the ground running on the NYSE, opening the trading day at a sizzling $69 per share after pricing its IPO at $31. The stock soared to an intraday high of $103.75, but cooled off a bit to close at $83.23. Talk about a rollercoaster!

But wait, there's more! Before this big buy, Ark Invest was trimming some other positions. They lightened up on Coinbase, Robinhood, and even their own Bitcoin ETF, ARKB. It's all part of the strategic dance in the market.

Let's not forget, Cathie Wood is a legend in the crypto world, always shouting from the rooftops about Bitcoin and the digital economy. This latest move into CRCL just screams her style—bold, strategic, and all about diversification. And hey, just days ago, they upped their stake in Tempus AI to a hefty $284.8 million. No slowing down for Ark Invest!

And that's not all. Ark Invest's portfolio is stacked with big names like Tesla, Nvidia, AMD, and Intellia Therapeutics. They're playing the long game, and they're playing to win.