Nikolas Sargeant
TL;DR
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Cathie Wood’s Ark Invest bought $5.5 million worth of Circle shares across three ETFs.
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Circle reported $694 million in revenue, a 263% surge in USDC transaction volume, and raised $222 million for its new Arc institutional blockchain project.
Cathie Wood’s Ark Invest purchased roughly $5.5 million worth of shares in Circle Internet Group on Monday after the stablecoin company posted strong first-quarter results that sent its stock sharply higher.
According to Ark’s May 11 trading disclosures, the investment firm acquired 41,904 Circle shares across its ARK Innovation (ARKK), ARK Next Generation Internet (ARKW), and ARK Fintech Innovation (ARKF) exchange-traded funds.
The latest move marks Ark’s first purchase of Circle stock since March 24. The firm typically rebalances positions to ensure no individual holding exceeds 10% of a fund’s portfolio, adjusting allocations as share prices fluctuate.
Circle Among Ark’s Top ETF Holdings
Based on Ark’s latest portfolio data, Circle is now the sixth-largest holding in ARKK, accounting for 4.6% of the fund with a market value of approximately $306.5 million. The company trails holdings including Tesla, Advanced Micro Devices, CRISPR Therapeutics, Tempus AI, and Roku.
Circle also ranks as the fourth-largest holding in ARKW, with a 4.58% weighting valued at $82.3 million, and the second-largest position in ARKF, where it represents 6.66% of the portfolio worth roughly $56 million.
Circle Stock Rallies After Q1 Earnings
Shares of Circle surged 15.91% on Monday to close at $131.76. The stock has climbed nearly 50% over the past month and is now up more than 66% year-to-date.
Circle reported first-quarter 2026 revenue of $694 million on Monday, representing a 20% increase from a year earlier. Net income, however, declined 15% year-over-year to $55 million.
The company also reported strong growth in its stablecoin ecosystem. On-chain transaction volume for USDC jumped 263% year-over-year to $21.5 trillion during the quarter, while USDC circulation increased 28% to $77 billion at quarter-end.
Circle Raises $222M for Arc Blockchain Project
Circle additionally revealed that it secured $222 million through the token presale for Arc, its new institutional blockchain network, at a fully diluted valuation of $3 billion.
Backers participating in the fundraising included Andreessen Horowitz, BlackRock, Apollo Global Management, and Intercontinental Exchange.
