According to CoinMeta, Cathie Wood increased its holdings in Circle through Ark Invest, purchasing 109,129 shares of CRCL for an investment amount of approximately $6.83 million. This increase in holdings occurred after a regulatory milestone in New York, as Circle recently received approval to operate as a New York limited purpose trust company. The approval was recorded on July 27th, and the trust entity of Circle will be regulated by the New York State Banking Department. This move indicates that Ark Invest is shifting its capital towards crypto infrastructure and artificial intelligence, despite still weak market conditions.