Cathie Wood's Ark Invest bought 12,835 shares of Circle Internet Group, the company behind the USDC stablecoin, for roughly $965,000 on Tuesday, according to the firm's trading activity. On the same day, Ark sold 37,754 shares of crypto exchange Bullish, making the moves a reshuffle rather than a fresh injection of cash into crypto equities.
Trade details
The Circle purchase took place on November 3, 2026. Circle stock trades on the NYSE under the ticker CRCL. Shares have recently moved within a range of approximately $72 to $80, and the roughly $965,000 price tag for this batch falls within that band.
On the other side of the ledger, Ark sold 37,754 Bullish shares, which trade as BLSH, before making the Circle buy.
Part of a broader pattern
The Tuesday buy is small by Ark's own recent standards. In late October, the firm bought 65,615 Circle shares worth $5.2 million. That was followed by another purchase in early November covering 35,657 shares, valued at $2.6 million.
Ark has been adding to Circle repeatedly over a matter of weeks, and Tuesday's trade is the latest installment rather than a standalone move. Throughout 2026, the firm has tended to buy the stock on days when the price slips.
Circle has become a regular fixture in Ark's ETFs, with its weighting often hovering around 4-6%, making it a meaningful position rather than a speculative side bet. The firm routinely rebalances so that no single holding exceeds 10% of a fund's assets.
Circle's road since going public
Circle listed on June 5, 2025, entering public markets as the issuer of USDC, a stablecoin designed to track the US dollar. Since the listing, USDC circulation has grown, but the stock has not had a smooth ride. Shares have faced volatility tied to broader market conditions, and competition in the stablecoin sector has also weighed on sentiment at times.
What the trades signal
A purchase of roughly $965,000 is modest next to the $5.2 million buy in late October. Given Ark's 10% rule, some of this activity is housekeeping; rebalancing purchases can look like bold bets from the outside while being fairly mechanical on the inside.
The Bullish side also deserves attention. Selling exchange exposure while buying stablecoin exposure reflects a preference for one crypto business model over another, at least for now. An exchange's fortunes tend to rise and fall with trading activity, while a stablecoin issuer's business is tied more closely to how much USDC is in circulation.
With shares recently moving within an approximately $72 to $80 range, the near-term question is whether Ark's steady buying continues if the stock breaks below the bottom of that band.
