The latest portfolio activity of the Cathie Wood-led investment firm Ark Invest has revealed a major investment into the recently listed Circle shares.
Following the debut of CRCL, the long-awaited initial public offering of stablecoin issuer Circle on the New York Stock Exchange, Wood’s Ark Invest poured an estimated $373 million into the stock, acquiring a total of 4.5 million.
The purchases were spread across three of Ark funds actively managed ETFs, ARKK, ARKW, ARKF, into parts of 3,025,089 CRCL, 927,318 CRCL, and 524,153 CRCL, respectively.
Circle’s stock opened trading on the NYSE on June 5, 2025, launched at $31 per share. Demand and investor appetite quickly surged, and the stock soon more than doubled in value, jumping over 120% on its first day to hit a high of $103.75.
The sizable allocation came alongside a broader portfolio reshuffle by the firm, which saw the fund trim its positions in other shares such as Coinbase’s COIN, Robinhood’s HOOD, and its own Bitcoin ETF ARKB.
Cathie Wood is renowned for her vocal advocacy for Bitcoin and the crypto industry, and the latest purchase highlights her reputation of strategic portfolio diversification. The latest CRCL acquisition is not ARK’s only large-scale investment. Just days earlier, the firm increased its stake in TEM, the native stock of the health-tech company using artificial intelligence to enhance clinical diagnostics Tempus AI, to a total of $284.8 million.
Ark Invest also holds significant positions across several other major players such as Tesla (TSLA), Nvidia (NVDA), Advanced Micro Devices (AMD), and Intellia Therapeutics (NTLA).