Ark Invest Buys $15.6 Million In Circle Shares

Ark Invest purchased $15.6 million worth of Circle shares (CRCL) through three different exchange-traded funds (ETFs), according to a regulatory filing. The investment firm also acquired millions of dollars’ worth of BitMine and Bullish shares.

The Block reported that Ark Invest’s disclosure detailed the addition of 130,595 CRCL shares to the ARK Innovation ETF (ARKK), 38,313 shares to the ARK Next Generation Internet ETF (ARKW), and 20,033 shares to the ARK Fintech Innovation ETF (ARKF).

These three ETFs also acquired 242,347 shares of BitMine Immersion Technologies Inc., valued at approximately $8.86 million, and 177,480 shares of Bullish, worth $7.28 million.

The purchases occurred as all three stocks experienced a significant decline on Thursday.

Earlier this week, Circle announced strong results for the third quarter. The company’s total revenue increased year-over-year by 66% to $740 million, while net income increased by 202% to $214 million.

Circle is among the leading stablecoin issuers in the cryptocurrency market. The company issues USDC, a coin pegged to the U.S. dollar.

Circle’s shares have been traded on the New York Stock Exchange (NYSE) since June of this year.

This information is for informational purposes only and should not be construed as investment advice.

Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility.