Ark Invest buys $5.2M of Circle stock amid selloff
- —Ark Invest bought 65,615 Circle shares for roughly $5.2 million
- —Circle stock dropped 7% on Monday to close at $79.84
- —The Block reported the purchase based on Ark's portfolio data
Why it matters: Buying the dip signals that Wood's fund sees the USDC issuer as undervalued after the recent slide in its shares.
Source: PANews