Ark Invest Adds Circle and SpaceX After Earnings

TLDR

• Ark Invest bought 273,343 Circle shares worth about $17.3 million after the company released its Q2 results.
• The firm also purchased 181,830 SpaceX shares valued at nearly $19.7 million.
• Circle reported $701 million in revenue and reserve income, up 7% year over year but below estimates.
• USDC circulation rose 19% to $73.3 billion, while onchain transaction volume reached $14.8 trillion.
• Circle plans to launch its Arc Layer-1 blockchain mainnet on September 16.

Cathie Wood’s Ark Invest bought about $17.3 million in Circle Internet Group shares and nearly $19.7 million in SpaceX stock on August 5. The purchases came hours after both companies released their second-quarter results. Ark Invest spread the trades across several exchange-traded funds. Both trades followed volatile sessions.

Ark Invest Adds 273,343 Circle Shares

Ark Invest purchased 273,343 Circle shares across ARKK, ARKW, and ARKF. ARKK received the largest share, with 194,333 shares. ARKW added 55,135 shares, while ARKF bought 23,875 shares.

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