The ARK Invest has quietly purchased approximately $46 million worth of shares in Circle Internet Group (CRCL) as the stock slipped below the $90 mark.
ARK Invest — the investment firm associated with Cathie Wood — has had a shifting relationship with Circle stock. In June 2025, ARK’s funds offloaded more than 1.7 million Circle shares at an average price around $200, netting roughly $352 million.Now, with Circle’s shares trading around $82–$86, ARK has returned as a buyer, acquiring about 542,269 shares over two trading days — roughly $30.4 million one day, $15.5 million the next.For broader background: Circle, issuer of the stablecoin USDC, went public on the New York Stock Exchange in June 2025 at an IPO price of $31.
From ARK’s daily trade disclosures:
“ARK bought a total of 542,269 Circle (CRCL) shares over the past two trading days, investing around $46 million…”
ARK’s fresh purchase signals what could be a strategic re-entry into Circle amid a pronounced share-price retreat. Buying at sub-$90 levels potentially reflects conviction in Circle’s long-term stablecoin business or a belief the downside risk is limited. This move might also hint at ARK positioning for a rebound scenario in the stablecoin / fintech space. For Circle and the broader crypto-/stablecoin sector, the action may attract fresh investor focus. Monitoring will now center on whether ARK continues to accumulate, holds steady, or uses the position as part of a rotation as valuations shift. Investors may interpret this as ARK betting on Circle’s fundamentals at a discounted level. Given the volatile nature of crypto-linked equities, risk remains — but ARK’s buy at depressed levels adds nuance to the narrative of stablecoin-issuer valuations. For now, the market will watch ARK’s next filings and any subsequent disclosures.
