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Circle shares roseate 16% to $131.76 connected Monday, their highest closing terms since March 18.
May 12, 2026, 9:05 a.m. 1 min read
Ark Invest bought $5.5 cardinal worthy of shares successful Circle Internet (CRCL) connected Monday arsenic the stablecoin developer's banal pumped pursuing its first-quarter net report.
The St. Petersburg, Florida-based concern manager added 41,904 shares crossed 3 of its exchange-traded funds (ETFs): Innovation (ARKK), Next Generation Internet (ARKW) and Blockchain and Fintech Innovation (ARKF).
CRCL shares roseate 16% to $131.76, the highest closing terms since March 18, aft the institution posted estimate-beating net per share (EPS) of 21 cents.
Circle, whose USDC is the second-largest stablecoin, besides revealed a $222 cardinal rise for its Arc blockchain successful a presale of the ARC token.
The acquisition is Ark's archetypal of Circle banal since March 24, erstwhile it bought $16.3 cardinal worthy arsenic the shares slumped 20%. It past sold CRCL connected April 17, dumping $1.2 cardinal worthy connected a time the banal closed astatine astir $106.
The Cathie Wood-led institution often buys into weakness successful equities to seizure greater value and rebalance the weighting of its ETFs. It is little communal to spot sizeable purchases that coincide with ample share-price gains.
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