The post Cathie Wood’s Ark Invest Buys $30 Million in Circle Shares Ahead of Potential Arc Token appeared on BitcoinEthereumNews.com. In brief Ark Invest added around $30 million worth of shares in stablecoin issuer Circle on Wednesday. The firm now holds nearly 3 million CRCL shares valued at more than $255 million. Shares in CRCL have fallen by nearly 38% in the last month, reaching a mark not held since the first day of trading. Ark Invest, the investment firm of noted tech investor Cathie Wood, added more than $30 million worth of shares of stablecoin issuer Circle (CRCL) on Wednesday, the firm reported.  The firm added 353,328 total shares of CRCL across three of its actively managed ETFs, and now holds nearly 3 million total shares valued around $255 million.  Ark’s latest buy comes amid a major fall in Circle’s share price, which has dropped by more than 20% in the last 5 trading days. CRCL was recently changing hands at $86.21, about even on the day shortly after the opening bell on Thursday.   The recent slide has extended further over the course of the last month, dropping 37% in that time and now putting CRCL back to a mark not held since its initial day of trading following its massively successful IPO.  The USDC issuer’s shares tripled from the $31 IPO price on day one, earning multiple stock trading halts on account of the upward volatility. It then surged further, creating a record high of just shy of $300 per share. The slide comes despite the fact that Circle beat analyst forecasts in Q3, notching $740 million in quarterly revenue—a 66% year-over-year increase. The firm opened the testnet for its stablecoin-specific Arc blockchain network last month, and teased a potential native token as part of its Q3 report. Wood’s CRCL dip buy mirrors her firm’s actions from last week, when it purchased shares of Ethereum treasury firm… The post Cathie Wood’s Ark Invest Buys $30 Million in Circle Shares Ahead of Potential Arc Token appeared on BitcoinEthereumNews.com. In brief Ark Invest added around $30 million worth of shares in stablecoin issuer Circle on Wednesday. The firm now holds nearly 3 million CRCL shares valued at more than $255 million. Shares in CRCL have fallen by nearly 38% in the last month, reaching a mark not held since the first day of trading. Ark Invest, the investment firm of noted tech investor Cathie Wood, added more than $30 million worth of shares of stablecoin issuer Circle (CRCL) on Wednesday, the firm reported.  The firm added 353,328 total shares of CRCL across three of its actively managed ETFs, and now holds nearly 3 million total shares valued around $255 million.  Ark’s latest buy comes amid a major fall in Circle’s share price, which has dropped by more than 20% in the last 5 trading days. CRCL was recently changing hands at $86.21, about even on the day shortly after the opening bell on Thursday.   The recent slide has extended further over the course of the last month, dropping 37% in that time and now putting CRCL back to a mark not held since its initial day of trading following its massively successful IPO.  The USDC issuer’s shares tripled from the $31 IPO price on day one, earning multiple stock trading halts on account of the upward volatility. It then surged further, creating a record high of just shy of $300 per share. The slide comes despite the fact that Circle beat analyst forecasts in Q3, notching $740 million in quarterly revenue—a 66% year-over-year increase. The firm opened the testnet for its stablecoin-specific Arc blockchain network last month, and teased a potential native token as part of its Q3 report. Wood’s CRCL dip buy mirrors her firm’s actions from last week, when it purchased shares of Ethereum treasury firm…