Ark Invest, led by Cathie Wood, has made a significant investment in this stablecoin company! Here are the details.

Ark Invest, led by Cathie Wood, made a significant investment in the company by buying out 4,486,560 shares worth $373.4 million on the day Circle went public.

Ark Invest made a purchase of 373 million dollars in Circle shares.

Purchases were made through Ark's Innovation (ARKK), Next Generation Internet (ARKW), and Fintech Innovation (ARKF) funds.

This purchase came on the day Circle began trading on the New York Stock Exchange under the "CRCL" symbol (NYSE). The company's shares closed at $83.23, increasing by 168.5% on the first trading day.

The intraday high level was 96 dollars. The shares were priced well above the revised IPO price of 31 dollars due to strong demand for the company's stock.

Circle's Initial Public Offering Process and Its Impact on the Crypto Sector

Circle had previously attempted to go public twice. The first was a SPAC merger in 2021, and the second was a confidential S-1 filing in 2024. The company, which submitted its latest application to the SEC in April of this year, had experienced concerns that the IPO might be disrupted due to market uncertainty caused by President Trump's tariffs. However, the IPO was completed successfully.

Circle CEO Jeremy Allaire evaluated the IPO with the following words:

"Becoming a publicly traded company is a strong and significant milestone for the transition to an internet-based financial system."

The USDC issued by Circle is the world's second largest dollar-backed stablecoin with a supply of $60.6 billion, following Tether's USDT.

Ark Invest reduced some of its existing positions to finance its new investment. On Thursday, it was noted that Ark sold $17.1 million worth of its own Bitcoin ETF (ARKB), while it continues to be the fund's largest asset.

Moreover, the company;

• 161,304 shares of Coinbase, 39.4 million dollars
• 255,327 shares of Robinhood, 18.5 million dollars
• Jack Dorsey’s Block company executed a sale of 163,304 shares for 10.4 million dollars.

Ark Invest's investment philosophy anticipates that no asset should have a weight greater than 10% in the fund portfolio. This strategy aims to maintain diversity within the fund and indicates that rebalancing may occur in the event of an increase in the value of Circle shares.

As of now, Circle shares have taken their place in Ark funds as follows:

• In the ARKK fund, with a weight of 4.4%, (, 251.8 million dollars ),
• 4.4% (77.2 million dolar) in ARKW fund,
• In the ARKF fund, 4.3% (44.5 million dollars).

For comparison, the assets with the highest weighting in the same funds include Tesla ( 10.3), Ark Bitcoin ETF ( 8.2), and Shopify ( 9)%.

*It is not investment advice.

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