Cathie Wood's Ark Invest scoops up $17 million in Circle, $20 million in SpaceX shares following Q2 results

Ark Invest loaded up on shares of Circle Internet Group (CRCL) and SpaceX (SPCX) on Wednesday.

The Cathie Wood-led investment firm's latest disclosure shows that it purchased 273,343 shares of the USDC issuer across its Ark Innovation ETF (ARKK), Ark Next Generation Internet ETF (ARKW), and Ark Blockchain & Fintech Innovation ETF (ARKF).

Circle's stock price remained steady on Wednesday, edging up 0.05% to $63.28.

At that closing price, Ark's recent purchase of Circle stock is valued at $17.3 million.

The company's investment strategy does not allow an individual holding to exceed 10% of a fund's portfolio to maintain diversification within its ETFs.