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Crypto

ARK Invest Doubles Down on Crypto with $9.4M Purchase of Coinbase and Circle Shares

Guavy AI Editorial Team
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USDC
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ARK Invest, led by Cathie Wood, has made significant purchases of Coinbase and Circle shares.

The transactions amount to $9.4 million, including $8 million in Coinbase Global (COIN) stock and $1.4 million in Circle Internet Group shares.

This move signals ARK's continued bullish stance on the digital asset sector despite recent market volatility.

Circle Internet Group is the issuer of the USD Coin (USDC) stablecoin, a critical infrastructure for trading and payments.

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