Ark Invest buys $5.5 million worth of Circle stock

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

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