Cathie Wood’s Ark Invest chases Circle stock as it hits a 2-month high

Markets Share Share this article Copy link X icon X (Twitter) LinkedIn Facebook Email Cathie Wood’s Ark Invest chases Circle stock as it hits a 2-month high Circle shares rose 16% to $131.76 on Monday, their highest closing price since March 18. By Jamie Crawley | Edited by Sheldon Reback May 12, 2026, 9:05 a.m. 1 min read Make preferred on Ark Invest's Cathie Wood (Danny Nelson/CoinDesk) What to know : Ark Invest bought $5.5 million worth of shares in Circle (CRCL) on Monday as the stablecoin developer's stock pumped following its first-quarter earnings report. The shares closed 16% higher at $131.76, the highest closing price since March 18, after the company posted estimate-beating earnings per share of 21 cents. The CRCL purchase is Ark's first since March 24, when it bought $16.3 million worth of the stock. Ark Invest bought $5.5 million worth of shares in Circle Internet (CRCL) on Monday as the stablecoin developer's stock pumped following its first-quarter earnings report. The St. Petersburg, Florida-based investment manager added 41,904 shares across three of its exchange-traded funds (ETFs): Innovation (ARKK), Next Generation Internet (ARKW) and Blockchain and Fintech Innovation (ARKF). CRCL shares rose 16% to $131.76, the highest closing price since March 18 , after the company posted estimate-beating earnings per share (EPS) of 21 cents. Circle, whose USDC is the second-largest stablecoin, also revealed a $222 million raise for its Arc blockchain in a presale of the ARC token. The purchase is Ark's first of Circle stock since March 24, when it bought $16.3 million worth as the shares slumped 20%. It last sold CRCL on April 17, dumping $1.2 million worth on a day the stock closed at around $106. The Cathie Wood-led company frequently buys into weakness in equities to capture greater value and rebalance the weighting of its ETFs. It is less common to see sizeable purchases that coincide with large share-price gains. Circle More For You Anthropic warns against unauthorized stock exposure as token markets imply trillion-dollar valuation By Sam Reynolds | Edited by Omkar Godbole 22 minutes ago The AI firm says investors should assume indirect access to its private shares is invalid, and transfers of its stock or interests in its stock will not be recognized. What to know : Anthropic is warning that any unapproved sale or transfer of its private shares, including through tokenized products, is void and will not be recognized on its books. The company explicitly bans special purpose vehicles from acquiring its stock, raising doubts about token offerings that claim 1:1 economic exposure to Anthropic... Read full story Latest Crypto News Anthropic warns against unauthorized stock exposure as token markets imply trillion-dollar valuation 22 minutes ago Bitcoin miner MARA sold $1.5 billion of bitcoin as it shifts toward AI infrastructure 1 hour ago Aave launches binding Arbitrum vote to move $71 million in disputed ETH 2 hours ago 'Bitcoin transactions can be monitored’: Ray Dalio explains why central banks won’t touch BTC 3 hours ago Ripple-linked XRP holds near $1.46 as breakout attempt fades 4 hours ago Bitcoin briefly hits $82,000, SOL, DOGE higher as Michael Burry warns of stock crash 4 hours ago Top Stories Clarity Act, in the flesh, unveiled by U.S. Senate Banking Committee before hearing 4 hours ago 'A big nothing burger': A Q&A with Strategy's Michael Saylor on selling bitcoin 12 hours ago Bitcoin’s floor looks firmer at $80,000, but traders still don’t trust the breakout 4 hours ago Kraken parent Payward seeks fresh funding at $20 billion valuation ahead of planned IPO 14 hours ago Banking groups escalate fight over stablecoin yield ahead of Senate vote 18 hours ago