Ark Invest purchases $5.5 million in Circle stock

KuCoinFlash

Release Time: 05/12/2026 03:37:27

USDC

$1.00070%

Summary

Ark Invest purchased $5.5 million in Circle stock through three ETFs, marking its first purchase since March 24. On-chain data shows USDC transaction volume reached $21.5 trillion, with circulation hitting $77 billion. Circle’s stock rose 15.91% to $131.76 following the purchase. The company reported Q1 revenue of $694 million, a 20% year-over-year increase, and a net profit of $55 million.

Odaily Planet Daily reports that Ark Invest purchased a total of 41,904 shares of Circle, valued at $5.5 million, across three ETFs. This marks its first purchase of Circle shares since March 24. Currently, Circle’s market value in Ark’s holdings is $306.5 million in ARKK, $82.3 million in ARKW, and $56 million in ARKF.

Circle announced its first-quarter earnings, reporting total revenue of $694 million, a 20% year-over-year increase, while net profit declined to $550 million. On-chain USDC transaction volume reached $21.5 trillion, with circulating supply at $77 billion. Circle's stock price rose 15.91% to $131.76.

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