ARK Invest buys nearly 4.5M Circle shares on its first day of trading

ARK Invest, an asset management firm led by Cathie Wood, purchased almost 4.5 million Circle (CRCL) shares on the stablecoin issuer's first day of trading, CoinDesk reported. The acquisition was valued at $373 million at the stock's closing price. The stock closed at $83.23 on June 5, up 168% on its first day of trading.