Markets
Ibahagi ang artikulong ito

Ark Invest Buys $30.5M Circle Shares as Stock Falls 12%

Cathie Wood's investment firm added a total 353,328 CRCL shares across three of its ETFs: Innovation (ARKK), Next Generation Internet (ARKW) and Fintech Innovation (ARKF).

Ni Jamie Crawley|Edited by Sheldon Reback
Na-update Nob 13, 2025, 2:31 p.m. Nailathala Nob 13, 2025, 10:21 a.m. Isinalin ng AI
Ark Invest's Cathie Woods (Danny Nelson/CoinDesk, modified by CoinDesk)
Ark Invest bought $30.5 million worth of shares in Circle on Wednesday as the stablecoin issuer's fell 12% on the day. (Danny Nelson/CoinDesk, modified by CoinDesk)

What to know:

  • Ark Invest bought $30.5 million worth of Circle Internet (CRCL) shares on Wednesday as the stablecoin issuer fell 12%.
  • CRCL stock closed at $86.30 on Wednesday after its steepest single-day drop since a 16% fall on June 27.
  • The slide followed the publication of the stablecoin issuer's third-quarter earnings, which raised concerns over revenue from interest-bearing holdings in the event of a U.S. rate cut.

Ark Invest bought $30.5 million worth of shares in Circle Internet (CRCL) on Wednesday as the issuer of the second-largest stablecoin fell 12%.

Cathie Wood's investment management firm added a total 353,328 CRCL shares across three of its exchange-traded funds (ETFs): Innovation (ARKK), Next Generation Internet (ARKW) and Fintech Innovation (ARKF).

STORY CONTINUES BELOW
Huwag palampasin ang isa pang kuwento.Mag-subscribe sa Crypto Daybook Americas Newsletter ngayon. Tingnan lahat ng newsletter
By signing up, you will receive emails about CoinDesk products and you agree to our terms & conditions and patakaran sa privacy.

Ark frequently snaps up large amounts of company shares when the price appears to be temporarily depressed. CRCL slid to $86.30, the lowest close since June 5, after its steepest single-day drop since a 16% fall on June 27.

The fall in Circle's share price coincided with the USDC issuer reporting third-quarter net income of $214 million, triple the figure of the same quarter last year. While earnings per share (EPS) of 64 cents beat analysts estimates, concern over a U.S. interest-rate cut next month weighed on the stock. Lower rates reduce returns on the instruments the company holds to back the dollar-pegged token.

ARK InvestCathie WoodCircle

More For You

Zoomex: Precise Systems of Fairness and Transparency by Design

By CoinDesk
Jan 31, 2026
logo
Commissioned byZoomex

Read full story

More For You

Bitcoin sinks to $66,000, U.S. stocks lose steam as Fed minutes mention possible rate hike

By Krisztian Sandor|Edited by Stephen Alpher
7 minutes ago
Bitcoin (BTC) price on Feb. 18 (CoinDesk)

Bitcoin is now on track for its fifth consecutive weekly decline, and losing this level could open the floor for a fresh leg lower.

What to know:

  • Bitcoin fell back to $66,000 on Wednesday afternoon, testing the lower end of its recent trading range.
  • Crypto-related stocks reversed early gains, with Coinbase swinging from a 3% morning rise to a 2% loss and Strategy slipping about 3%.
  • Surprisingly hawkish Fed minutes had the U.S.dollar strengthening, putting pressure on risk assets.
Read full story