Choose Rich Live
Crypto News

Ark Invest buys $5.2 million in Circle shares while cutting Bitcoin ETF holdings

Cathie Wood's Ark Invest purchased 65,615 shares of Circle Internet Group for $5.2 million following a dip in the stock, while offloading $15.9 million from its Bitcoin ETF as Bitcoin fell below $80,000.

Portrait of Ark Invest founder Cathie Wood wearing glasses and a dark blue blazer with arms crossed.
Image: @TheBlockCo

Cathie Wood's Ark Invest acquired 65,615 shares of Circle Internet Group valued at approximately $5.2 million, according to The Block. The purchase occurred as Circle's stock (CRCL) dropped 7% on Monday to close at $79.84.[2][3]

The transaction coincided with a broader fund rebalancing. As part of the portfolio adjustments, Ark Invest trimmed $15.9 million of its own Bitcoin ETF holdings while Bitcoin dropped below the $80,000 mark.[3][4][5]

According to Crypto Briefing, the investment firm's move into Circle reflects growing institutional confidence in stablecoins, which could bolster broader market adoption and sentiment.[1]

Key facts

  • Ark Invest bought 65,615 shares of Circle Internet Group for $5.2 million.
  • Circle shares (CRCL) fell 7% on Monday, closing at $79.84.
  • Ark Invest sold $15.9 million of its Bitcoin ETF holdings as part of its fund rebalancing.
  • The rebalancing took place as Bitcoin dropped below $80,000.
  • Crypto Briefing reported that the purchase reflects rising institutional confidence in stablecoins.

Sources · 5 sources

  1. CB

    Crypto BriefingArticle ·

    Ark Invest buys $5.2 million in Circle Internet Group shares Ark Invest's purchase reflects rising institutional confidence in stablecoins, potentially boosting broader market sentiment and adoption. The post Ark Invest buys $5.2 million in Circle Internet Group shares appeared first on Crypto Briefing .

    Open source
  2. TB

    The Block@TheBlockCoPost on X ·

    THE BLOCK: Cathie Wood's Ark Invest bought 65,615 shares of Circle Internet Group, worth $5.2 million. $CRCL dipped 7% on Monday, closing at $79.84. https://t.co/lk0c48LIOP

    Open source
  3. TB

    The BlockArticle ·

    Ark Invest buys $5.2 million of Circle shares, sells $15.9 million of its own Bitcoin ETF as BTC grinds lower Ark Invest rebalanced its fund weightings, adding Circle shares and trimming its Bitcoin ETF holdings as BTC fell below $80,000.

    Open source
  4. BL

    BlockNews@blocknewsdotcomPost on X ·

    🚨 LATEST: Cathie Wood's ARK Invest buys another $5.2 MILLION in Circle shares while selling $15.9 MILLION of its Bitcoin ETF holdings! https://t.co/hb7dRbzNPo

    Open source
  5. CO

    CoinMarketCap@CoinMarketCapPost on X ·

    LATEST: 📈 Ark Invest bought $5.2M more Circle shares while trimming $15.9M from its own Bitcoin ETF, rebalancing as BTC slips below $80K. https://t.co/rPaAphnQLE

    Open source