Ark Invest Buys Over $75 Million in Crypto-Related Stocks in June

Ark Invest increased its holdings of crypto-related stocks during the June decline in crypto company share prices, purchasing $44 million worth of Coinbase stock, $25 million of Circle Internet stock, and $8.2 million of Bullish stock. Circle’s stock price fell 40% in June, closing the month at $62.63, including an 18% drop on June 30 following the launch of competing stablecoin Open USD. (CoinDesk)