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ARK Invest increased its holdings of 373 million CRC on the first day of Circle's listing.
Gate News bot message, Cathie Wood's ARK Invest purchased nearly 4.5 million shares on the first day of listing for stablecoin issuer Circle (CRCL), with a holding value of 373 million dollars based on the Closing Price.
Circle's stock price soared on its first day of trading on the New York Stock Exchange, at one point climbing to $103.75, an increase of about 50% from the opening price of $69. CRCL closed at $83.23 on Thursday.
ARK also sold a large amount of stocks from other cryptocurrency companies, including COIN stocks worth 39 million dollars, HOOD stocks worth 18.5 million dollars, and XYZ stocks worth 10.4 million dollars.
Source: CoinDesk