Ark Invest bought $5.5M in Circle shares as CRCL jumped nearly 16% following strong Q1 earnings results.
Cathie Wood's Ark Invest purchased approximately $5.5 million worth of Circle Internet Group (CRCL) shares on May 11, the same day the stablecoin issuer's stock closed up 15.91% following its first-quarter 2026 earnings release.
Ark acquired a total of 41,904 Circle shares spread across three of its ETFs—the Innovation fund (ARKK), Next Generation Internet (ARKW), and Blockchain and Fintech Innovation (ARKF)—according to the firm's May 11 trading report. The purchases mark Ark's first Circle buys since March 24.
Circle's shares closed at $131.76 on May 11, up from the prior session, and have risen 49.7% over the past month. Year-to-date, CRCL is up 66.2%. Ark's standard practice is to rebalance fund holdings when a single stock's weighting approaches or exceeds 10% of a given portfolio, prompting active adjustments as asset values shift.
As of Ark's latest disclosures, Circle is the sixth-largest holding in ARKK, at a 4.6% weighting with a market value of $306.5 million. In ARKW, it ranks fourth at 4.58%, worth $82.3 million. In ARKF, it is the second-largest holding at 6.66%, valued at $56 million.
Circle's Q1 2026 results showed total revenue of $694 million, a 20% increase year-over-year, while net income fell 15% year-over-year to $55 million. On-chain USDC transaction volume grew 263% year-over-year to $21.5 trillion for the quarter, and USDC in circulation rose 28% to $77 billion at quarter-end.
Circle also disclosed that it raised $222 million in a token presale for Arc, its new institutional blockchain, at a fully diluted valuation of $3 billion. Investors in that round included a16z crypto, BlackRock, Apollo, and Intercontinental Exchange.
The earnings results and the Arc presale announcement both landed on the same morning, providing the dual catalyst behind the day's sharp stock move.
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