Ark Invest Buys $5.5 Million in Circle Stock as Shares Hit Two-Month High
Cathie Wood’s Ark Invest has purchased $5.5 million worth of shares in Circle Internet Financial, marking its first acquisition of the stablecoin developer's stock since late March. The purchase coincided with a significant surge in Circle’s share price, which rose 16% to close at $131.76 on Monday, May 12, 2026. This closing price represents the highest level for the stock since March 18. The rally was driven by Circle’s better-than-expected first-quarter earnings report, which revealed an earnings per share of 21 cents, beating analyst estimates. This recent transaction adds to Ark Invest's growing position in the crypto-related equity sector, following a previous $16.3 million purchase in March. The move highlights continued institutional interest in key infrastructure players within the digital asset ecosystem, particularly those involved in stablecoin issuance, despite broader market volatility. The news underscores the correlation between strong corporate financial performance and increased confidence from prominent investment firms like Ark Invest.
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Ark Invest Buys $5.5 Million in Circle Stock as Shares Hit Two-Month High
Cathie Wood’s Ark Invest has purchased $5.5 million worth of shares in Circle Internet Financial, marking its first acquisition of the stablecoin developer's stock since late March. The purchase coincided with a significant surge in Circle’s share price, which rose 16% to close at $131.76 on Monday, May 12, 2026. This closing price represents the highest level for the stock since March 18. The rally was driven by Circle’s better-than-expected first-quarter earnings report, which revealed an earnings per share of 21 cents, beating analyst estimates. This recent transaction adds to Ark Invest's growing position in the crypto-related equity sector, following a previous $16.3 million purchase in March. The move highlights continued institutional interest in key infrastructure players within the digital asset ecosystem, particularly those involved in stablecoin issuance, despite broader market volatility. The news underscores the correlation between strong corporate financial performance and increased confidence from prominent investment firms like Ark Invest.
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