Cathie Wood’s Ark Invest chases Circle stock as it hits a 2-month high

Cathie Wood's Ark Invest has increased its stake in Circle, the issuer of the USDC stablecoin, as the stock reached a two-month high. The investment firm purchased approximately 1.4 million shares, valued at around $12.5 million, reflecting a growing interest in the cryptocurrency sector. Circle's stock has seen a significant rise, attributed to positive market sentiment and developments in the stablecoin space. Ark Invest's move highlights its continued focus on innovative financial technologies and digital assets.

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