ARK Invest scooped up roughly 217,896 shares of Circle Internet Group on July 9, adding approximately $13.7 million worth of the stablecoin issuer’s stock to its portfolio. The purchase came as CRCL shares were trading near one-month lows.
The move is part of a pattern that’s becoming hard to ignore. ARK has been steadily accumulating Circle stock since the company listed on the NYSE on June 5, 2025, with an IPO price of $31 per share. The fund bought $16.3 million worth of shares back on March 24 this year, followed by another $5.5 million in May. This latest purchase brings the 2026 total to north of $35 million in CRCL alone.
Selling Robinhood to buy the stablecoin giant
Here’s the thing about this trade: it wasn’t just a buy. ARK simultaneously sold 85,319 shares of Robinhood for around $9.8 million. That’s a deliberate rebalancing, moving capital from a retail trading platform toward the company behind the second-largest stablecoin in existence.
Circle’s stock closed near $63 in mid-July, roughly double its IPO price from just over a year ago.
