Cathie Wood's ARK buys 220K more Circle shares for $13.9M amid stock slide

Cathie Wood's ARK Invest purchased an additional 220,000 Circle shares on Tuesday for $13.9 million, continuing its July buying spree despite a steep decline in the stock. ARK's total Circle holdings for the month now stand at 725,517 shares. The aggressive buying during a sell-off signals Wood's continued conviction in Circle's long-term potential in the stablecoin market.