Investment firm ARK Invest, led by Cathie Wood, purchased over $46 million worth of Circle (CRCL) shares as the stock dropped below $90. This marked the first time ARK bought CRCL shares since selling 1.7 million shares in June, generating $352 million. The stock debuted at $69 in June and hit an all-time high of nearly $299 before dropping to $82.30. ARK now holds 3.1 million CRCL shares worth approximately $256 million. Their holdings are spread across three funds, with ARKK holding the largest portion at $165.7 million. Additionally, ARK has also been actively buying shares of Bitmine Immersion Technologies as the stock dipped below $37.

Read more at Cointelegraph: Cathie Wood’s ARK Buys The Dip With $46M Circle Stake