BUSINESSTHE BLOCK
Ark Invest scoops up $18 million in Circle shares as stock dips 41% over past month
Ark Invest purchased $18 million in Circle shares as the company's stock declined 41% over the past month. Circle's stock dropped 1% following an 18% decline on Tuesday after the launch of the competing stablecoin project OUSD.
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Adjacent reporting
- Ark Invest buys $5.5 million worth of Circle shares as stock jumps 16% on Q1 earnings
- SpaceX stock tumbles 23% from its high as average investors see gains wiped out
- Ark Invest buys $18 million worth of Coinbase shares, offloads $29 million in Robinhood
- Ark Invest buys $32 million worth of SpaceX shares as stock plunges 16%
- Circle Stock Dives as Coinbase, BlackRock and Visa Back Open USD Stablecoin