Ark Invest Buys 116,000 CRCL Shares Worth $11.6M After Stock Slides 17.63%
BlockBeats reported that CRCL fell 17.63% on March 25 after the revised Clarity Act was released. The bill would bar stablecoin issuers from directly or indirectly paying interest to users solely for holding stablecoins. Against the selloff, Cathie Wood's Ark Invest added to its CRCL stake, purchasing 116,000 shares valued at about $11.6 million.