Ark Investment Management’s ($ARKK@US) Cathie Wood increased the firm’s exposure on Concord Acquisition Corp ($CND@US), the blank check firm that will take Circle public in what is to be a $4.5 billion merger. Ark bought more than 275,000 shares valued at $2.88 million as the stock closed strong on Tuesday. Previously, Ark was loading up on crypto-focused stocks, and now it is getting as close to the action as possible. Circle produces the stablecoin known as USDC, allowing Ark to diversify both the Fintech innovation ($ARKF@US) and Next Generation Internet ($ARKW@US) ETFs with these holdings. All told, the two funds hold a total of 3.12 million shares of Concord worth about $32 million. At press time, Concord Acquisition Corp stock was trading at $10.37, a level in early trading.