Ark Invest Buys $5.5 Million in Circle Stock

Odaily reports that Ark Invest has purchased a total of 41,904 shares of Circle stock across three ETFs, valued at $5.5 million. This marks its first purchase of Circle since March 24. Currently, Circle's market value in ARKK is $306.5 million, in ARKW is $82.3 million, and in ARKF is $56 million.

Circle released its first-quarter financial report, with total revenue reaching $694 million, up 20% year-over-year, while net profit fell to $55 million. On-chain USDC transaction volume reached $21.5 trillion, with a circulating supply of $77 billion. Circle's stock price rose 15.91% to $131.76.