ARK Invest purchased additional shares of Circle Internet Group (CRCL) on Friday, June 5. The stock closed down 11.33% on the day of the transaction.
This move increases ARK’s existing position in crypto-linked companies. The investment signals a bullish stance on the digital asset sector despite recent price volatility.
The purchase occurs as payment giants Visa and Mastercard reportedly explore rival stablecoin platforms. No market reaction to the trade was available over the weekend.