The additional roughly $13.9 million purchase on Tuesday comes even as the stock has fallen sharply, underscoring a continued buying push tied to Cathie Wood’s high-conviction approach.
ARK Invest bought another 220,000 Circle shares on Tuesday for roughly $13.9 million, lifting its July purchases to 725,517 shares. The buying continued despite a sharp slide in the stock, signaling that Cathie Wood’s firm is maintaining a high-conviction stance rather than stepping back during weakness.