Circle Internet Corp.'s stock is soaring 5.12% during Friday's intraday trading session.
The surge follows news that Cathie Wood's Ark Invest increased its position in the company, purchasing 9,264 Circle shares valued at approximately $637,455. The investment firm made the purchase after Circle's stock closed down 3.06% in Thursday's trading session, continuing Ark's strategy of adding to crypto-related stocks during periods of market weakness.
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