- Ark Invest purchased nearly $14 million worth of Circle Internet Group shares.
- The firm added Block shares while reducing its Robinhood Markets position.
- Lark Davis highlighted Cathie Wood’s bullish long-term outlook for Bitcoin and crypto markets.
Ark Invest Circle Shares increased again after Cathie Wood’s investment firm acquired approximately 220,012 Circle Internet Group shares, valued at about $13.9 million based on Tuesday’s closing price. The latest purchase was disclosed through Ark Invest’s daily trading report and reflects the firm’s continued confidence in the stablecoin issuer. Alongside the move, Ark also expanded its exposure to Block Inc. while reducing its Robinhood holdings.
Ark Invest Circle Shares Signal Confidence in Stablecoin Growth
The latest filing shows that Ark Invest Circle Shares were acquired through the ARK Innovation ETF (ARKK), the ARK Next Generation Internet ETF (ARKW), and the ARK Fintech Innovation ETF (ARKF).
Ark also purchased 19,029 shares of Block Inc., valued at roughly $1.52 million, while trimming 27,742 Robinhood Markets shares worth approximately $3.15 million.
The latest purchase follows another $13.7 million Circle acquisition completed on July 9. Since Circle’s New York Stock Exchange debut in 2025, Ark has consistently expanded its position.
The firm’s cumulative investment in Circle during 2026 has now exceeded $35 million, reinforcing its long-term conviction in the company behind the USDC stablecoin.
Ark Invest Circle Shares Align With Broader Crypto Outlook
Circle remains the issuer of USDC, the world’s second-largest stablecoin with roughly $73 billion in circulation. The company generates revenue from reserves invested in U.S. Treasuries and cash equivalents, making higher interest rates supportive of its business model.
Lark Davis recently said Cathie Wood believes Bitcoin has already bottomed and could resume its long-term uptrend, maintaining a five-year price target between $750,000 and $1.25 million.
While the comments focused on Bitcoin, Ark’s continued buying of Circle stock reflects its broader conviction in the long-term expansion of digital asset infrastructure and blockchain-based financial services.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. CoinCryptoNewz is not responsible for any losses incurred. Readers should do their own research before making financial decisions.
