Ark Invest buys $18M in Circle stock

Ark Invest, the U.S. asset manager led by Cathie Wood, purchased $18 million worth of Circle Internet Group (NYSE: CRCL) stock yesterday through its funds, The Block reported. Circle is the issuer of USDC, the world's second-largest stablecoin. The purchase came as CRCL's price fell to $61.95 yesterday. The stock has declined approximately 41% over the past month.