Crypto
ARK Invest Makes $45 Million Bet on Circle, SpaceX, and Coinbase
ARK Invest's Cathie Wood has made significant investments in three high-profile companies - Circle Internet Group, SpaceX, and Coinbase.
The firm acquired a combined $45.36 million worth of shares in these companies during a single trading session.
Circle Internet Group, the issuer of the USDC stablecoin, recently went public under the ticker CRCL, while SpaceX continues to command a premium valuation in the private market.
The purchase of Circle shares is notable given the company's direct exposure to the stablecoin market, which has faced regulatory scrutiny but also seen growing adoption.