Cathie Wood’s Ark Invest Increases Circle Exposure With $30 Million Share Purchase

• Ark Invest increased its Circle stake with a $30M purchase during a sharp share decline.
• Circle’s stock dropped despite Q3 revenue of $740M and a 66% year-over-year increase.
• Circle advanced its Arc testnet while Ark broadened crypto-related equity exposure.

Cathie Wood’s Ark Invest expanded its position in Circle this week, acquiring an additional block of shares as the stablecoin firm’s stock continues to trade near monthly lows. The latest purchase, valued at roughly $30 million, boosts Ark’s total holdings to nearly 3 million CRCL shares, now worth more than $255 million. The move comes as Circle’s stock has fallen close to 38% over the past month, returning to levels not seen since its first trading session.

Circle, the issuer behind the USDC stablecoin, has faced a pullback in its stock despite delivering stronger-than-expected third-quarter results. CRCL shares tripled on debut from the $31 IPO price but have since reversed much of those gains. The recent downturn has not slowed Ark’s accumulation. According to Wednesday’s purchase disclosures, the firm added another $30 million in shares, increasing its total exposure as the price continued to slide.

The downturn stands in contrast to the company’s financial performance. Circle reported $740 million in Q3 revenue, marking a 66% year-over-year increase and exceeding analyst forecasts. The company attributed part of its momentum to operational growth within the USDC ecosystem.

Circle Expands Technical Roadmap With Arc Network Testnet

Circle recently advanced its infrastructure plans by opening the testnet for Arc, a blockchain network built for stablecoin functions. The company indicated in its Q3 report that the network could eventually support a native token, referring to the possibility without providing details.

The Arc testnet launch arrives as Circle and competitors expand their blockchain integrations to support faster settlement and improved liquidity movement. The firm has not announced a launch date for Arc’s mainnet or clarified how a potential token would operate within the ecosystem.

Ark Invest Maintains Broad Crypto-Related Holdings

Ark Invest continues to diversify across digital-asset-related equities. In addition to Circle, the firm holds positions in Robinhood and Coinbase and operates a Bitcoin ETF. These holdings remain part of Ark’s wider strategy of allocating capital to companies connected to trading infrastructure and digital asset platforms.

Earlier this month, Wood adjusted her long-range Bitcoin outlook. She had previously projected the cryptocurrency could reach around $1.5 million by 2030 but revised the estimate to $1.2 million, citing the acceleration of stablecoin adoption as an influence on the forecast.