Ark Invest Acquires $373M in Circle Stock Following Strong NYSE Debut

TL;DR Ark Invest put $373. 4 million into Circle shares after its stock market debut, which closed with a nearly 200% surge 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 holding. Circle, the issuer of USDC with $60. 6 billion. . . source: https://crypto-economy.com/ark-invest-acquires-373m-in-circle-stock-following-strong-nyse-debut/