Circle Shares Rally 4.31% After Ark Invest’s Cathie Wood Buys Crypto Stakes
CRCL•Circle shares rallied 4.31% on July 3 after Ark Invest’s Cathie Wood increased holdings in crypto-related stocks. The move coincided with a 3.92% gain in Coinbase and a 1.82% rise in Bitcoin, highlighting renewed investor demand for digital-asset exposure.
1. Cathie Wood’s Dip Purchase
Following a pullback in crypto-related equities, Ark Invest boosted positions in Circle, driving the stock up 4.31% on July 3. The move reflects Cathie Wood’s strategy of buying weakness in digital-asset–linked names.
2. Broader Crypto Rally
Circle’s surge occurred alongside a 3.92% advance in Coinbase and a 1.82% rise in Bitcoin, underscoring a wider rebound in cryptocurrency markets and renewed investor appetite for exposure to blockchain finance.
