$CIRC.US Cathie Wood’s ARK Invest bought more Circle Internet Group (NYSE:CRCL) shares. The buy move follows the stablecoin issuer’s major regulatory breakthrough in New York.

Cathie Wood’s ARK Snaps Up Circle Stock

Circle stock closed at $62.61, down $1.63, or 2.54%, on Friday, July 31. Nearly $6.83 million in nearly 109,129 Circle shares were acquired by ARK based on the closing price. The stock purchases were made through ARKK, ARKW and ARKF with 77,103, 22,238 and 9,788 shares of CRCL stock bought respectively.

Cathie Wood’s CRCL stock purchase came on the heels of the New York Department of Financial Services (NYDFS) granting a limited-purpose trust charter to Circle Internet Trust Company LLC (Circle New York Trust).