Alberta Investment Management Corp (AIMCo), one of Canada’s largest institutional investors, has taken a new equity stake in Circle Internet Group ($CRCL), signaling steady ‘institutional demand’ for exposure to the stablecoin issuer even as Wall Street grows more cautious on the stock’s near-term trajectory.
According to disclosed holdings, AIMCo purchased roughly 315,600 shares of Circle, a position valued at about $25.03 million. The move places the Canadian asset manager alongside other heavyweight investors that have recently appeared in Circle’s shareholder base, including Vanguard and… Read more
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