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Ark Invest Seizes Opportunity with $30 Million Circle Share Purchase Amid Stock Dip

Ark Invest Seizes Opportunity with $30 Million Circle Share Purchase Amid Stock Dip

Published:
2025-11-13 06:29:02
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BTCCSquare news:

Ark Invest, led by Cathie Wood, capitalized on Circle Internet Group's recent stock decline, acquiring $30.5 million worth of shares. The MOVE comes despite Circle's strong financial performance, which saw a 66% year-over-year revenue increase to $740 million and a 202% surge in net income.

Circle's USDC stablecoin circulation grew 108% to $73.7 billion, yet its stock fell 12.2% post-earnings. Analysts at William Blair maintain an 'outperform' rating, suggesting market overreaction to broader trends rather than company fundamentals.

The company is expanding its blockchain ambitions with plans for a native token on its Arc blockchain, signaling deeper integration with on-chain finance ecosystems.

|Square

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