Cathie Wood’s Ark Invest purchased $15.56 million worth of Circle Internet Group shares on Thursday, along with millions of dollars in BitMine and Bullish shares, across three of its exchange-traded funds.
Ark Invest’s Thursday trade filing shows that the ARK Innovation ETF (ARKK) bought 130,595 shares of Circle, while the ARK Next Generation Internet ETF (ARKW) added 38,313 Circle shares to its portfolio. The ARK Fintech innovation ETF (ARKF) also purchased 20,033 Circle shares.
The three ETFs also bought 242,347 shares of BitMine Immersion Technologies Inc., worth roughly $8.86 million, and 177,480 shares of Bullish valued at $7.28 million.
Ark’s purchases came as all three stocks fell sharply on Thursday. Circle closed down 4.59% at $82.34, according to The Block’s price page. BitMine dropped 9.86% to $36.57, while Bullish fell 9.85% to $41.02.
Earlier this week, Circle reported strong third-quarter results, posting $740 million in total revenue, up 66% year-on-year. Its net income surged 202% to $214 million. USDC circulation ended the quarter at $73.7 billion, up 108% from a year earlier.
Analysts at investment bank William Blair gave Circle an “outperform” rating for its stock in a Wednesday report, saying they view the company as a clear leader in a winner-take-most market as it builds out key infrastructure, including the Circle Payments Network and Arc.
On Wednesday, Circle said it is “exploring the possibility” of launching a native token for its Arc blockchain as part of a broader push to expand onchain programmable finance. The company rolled out the Arc public testnet last month for its stablecoin-centric Layer 1 chain.
© 2025 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
Trade Crypto On Coinhub Exchange
Trade Crypto On Coinhub Exchange
Stay ahead of the market by turning news insights into trading opportunities. With Coinhub Exchange, you can seamlessly buy, sell, and manage your digital assets, all in one secure platform. Take advantage of real-time market insights, deep liquidity, and fast execution for your favorite cryptocurrencies. Don’t just read about it — trade crypto now!
Disclaimer
The content of this article shown by Coinhub News, powered by The Block, is for informational purposes only and should not be construed as financial, legal, tax, or investment advice. Coinhub News and its affiliates are not a licensed financial advisor, legal advisor, broker, or tax advisor, and ... should not be considered as professional advice or a recommendation to engage in any specific investment, legal decision, or financial transaction. Cryptocurrency markets are highly speculative and volatile. Readers should perform their own independent research and consult with a qualified professional before making any financial or legal decisions. The opinions expressed in this article are those of the author and do not necessarily represent the views or opinions of the Company of its affiliates. Additionally, the Company does not make any representations or warranties regarding the accuracy, timeliness, reliability, or completeness of any information in this article. By accessing this content, you acknowledge that any reliance on the information contained in this article is solely at your own risk. The Company is not responsible for any financial losses, legal disputes, or other damages that may arise from reliance on this content or from any investment or legal decisions based on the information provided. Investing in cryptocurrencies involves substantial risks, including the risk of losing your entire investment, and you should carefully consider whether it is appropriate for your circumstances.
Read more
