Cathie Wood's Ark Invest Buys into Circle Internet Group and SpaceX

Ark Invest's Cathie Wood has made two significant investments in Circle Internet Group and SpaceX. The fund bought 273,343 Circle shares worth approximately $17.3 million after Circle released its Q2 results on August 5.

Circle reported a revenue and reserve income of $701 million, up 7% from last year but below estimates. USDC circulation rose 19% to $73.3 billion, while onchain transaction volume reached $14.8 trillion.

Circle plans to launch its Arc Layer-1 blockchain mainnet on September 16 with founding validators including BlackRock, DTCC, Visa, and Mastercard.

In a separate trade, Ark Invest also purchased 181,830 SpaceX shares valued at nearly $19.7 million, hours after the company's earnings release. The stock fell 13.61% but still remains below its IPO price of $135 in June.