Ark Invest purchased approximately $16.34 million worth of Circle stock yesterday, after which Circle's stock price plummeted 20% that day.

CoinFeed reported on March 25th that, according to The Block, Ark Invest, led by Cathie Wood, purchased 161,513 shares of Circle stock through its ETF on March 24th, worth approximately $16.34 million based on the closing price of $101.17 that day. This move occurred amidst a 20% drop in Circle's stock price that day. Ark simultaneously sold 41,064 shares of Bullish stock, worth approximately $1.53 million.