Ark Invest continues to make profits from its efforts at Circle’s Meteoric Run as a listed company. It also bought 4,198 shares of Coinbase worth $ 1.3 million and $ 319,640 shares of Robinhood, a value of $ 24.4 million.
The Cathie Wood-led investment company sold 415,855 shares in Circle across its various ETFs, valued at $ 109.6 million based on StableCoin operator’s last end of $ 263.45 Monday.
Last week, the investment company sold 609,175 shares in Circle. It had previously sold Circle shares in two more tranches.
Circle, which operates the second largest stableecoin USDC, was built in the United States earlier this month. Since then, Circle has jumped 7.5 times from its IPO of $ 31.arch scooped shares in Circle and has harvested the profits since then.
Read more: Ark Invest Dumps $ 146.3 million
