Ark Invest has purchased $30 million worth of shares in Circle Internet Group, marking a strategic pivot towards fintech and stablecoin investments. This acquisition comes after a post-earnings selloff, during which Ark Invest sold $30.3 million in Tesla stock. CEO Cathie Wood highlighted the firm's increasing emphasis on stablecoin infrastructure and fintech innovation, driven by regulatory advancements and the growing importance of digital payments.
Ark Invest Acquires $30M in Circle Shares, Shifts Focus to Fintech
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