Ark Invest snaps up $5.5M in Circle stock as CRCL surges 16% on earnings beat!

Cathie Wood's Ark Invest added 41,904 Circle (CRCL) shares worth $5.5 million on Monday across three of its ETFs — ARKK, ARKW, and ARKF — as the stablecoin developer's stock closed 16% higher at $131.76, its best close since March 18. The buying came on the back of a Q1 earnings beat, with Circle posting EPS of 21 cents against analyst estimates.

What makes the move notable is the timing. Ark typically buys into weakness to rebalance and capture value — it last bought CRCL on March 24 at a 20% dip, picking up $16.3 million worth. Buying into a 16% single-day rally is a less common posture for the firm, signalling conviction rather than opportunism.

Circle also disclosed a $222 million presale raise for its Arc blockchain's ARC token on the same day, adding a fresh growth narrative alongside the earnings catalyst. With USDC holding the number-two stablecoin spot, the combination of…