Ark Invest scoops up $18 million in Circle shares as stock dips 41% over past month
Jul 02 2026 02:19 UTC
Circle dropped 1% today after falling nearly 18% on Tuesday following the launch of the rival stablecoin project OUSD.
➤ Ark Invest purchased $17.8 million worth of Circle shares as the company's stock experienced a significant decline.
➤ The stock drop was attributed to the launch of a rival stablecoin, OUSD, backed by major financial institutions.
➤ Despite competition, analysts believe Circle's position remains strong due to its first-mover advantage and infrastructure.
Read more at: https://rwatimes.io/articles/theblock-ark-invest-scoops-up-18-million-in-circle-shares-as-stock-dips-41-over-past-month-520373882?utm_source=binance
Jul 02 2026 02:19 UTC
Circle dropped 1% today after falling nearly 18% on Tuesday following the launch of the rival stablecoin project OUSD.
➤ Ark Invest purchased $17.8 million worth of Circle shares as the company's stock experienced a significant decline.
➤ The stock drop was attributed to the launch of a rival stablecoin, OUSD, backed by major financial institutions.
➤ Despite competition, analysts believe Circle's position remains strong due to its first-mover advantage and infrastructure.
Read more at: https://rwatimes.io/articles/theblock-ark-invest-scoops-up-18-million-in-circle-shares-as-stock-dips-41-over-past-month-520373882?utm_source=binance