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BTCC / BTCC Square / CoindeskEN /
ARK Invest Goes All-In: Snaps Up $373M in Circle Stock on Day One

ARK Invest Goes All-In: Snaps Up $373M in Circle Stock on Day One

Author:
CoindeskEN
Published:
2025-06-06 08:19:44
8
1

ARK Invest Loaded Up $373M Worth of Circle Shares on First Day of Trading

Wall Street's crypto crusaders at ARK just made a quarter-billion-dollar bet on stablecoins—because nothing says 'trust the system' like doubling down on digital IOUs.

While traditional finance still debates blockchain's merits, Cathie Wood's crew is loading up the Brinks truck. Circle's USDC might not moon like speculative assets, but in a world where banks play fast and loose with deposits, a transparent stablecoin starts looking like a safe haven.

Funny how the 'risky' crypto play suddenly becomes the adult in the room when fiat institutions keep tripping over their own scandals.

|Square

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