Ark Invest increased its holdings of Circle stock by $5.5 million yesterday.

CoinFeed reported on May 12th that, according to The Block, Cathie Wood's Ark Invest purchased approximately $5.5 million worth of Circle Internet Group stock, totaling 41,904 shares, through three ETFs: ARKK, ARKW, and ARKF, on Monday. This marks Ark's first purchase of Circle stock since March 24th. Circle previously released its first-quarter earnings report, and its stock price closed up 15.91% at $131.76. Currently, Circle is the sixth largest holding in ARKK (4.6% weighting) and the second largest holding in ARKF (6.66% weighting).