Circle Internet Group Inc. has witnessed its stock tumble from nearly $300 to about $52 in recent months, reflecting an 80% decline driven by broader cryptocurrency market sell-offs and falling bitcoin prices. Despite the downturn, ARK Invest has increased its stake, purchasing $2.4 million in shares, indicating confidence in Circle’s long-term prospects. In light of recent scrutiny from New York prosecutors, Circle is reinforcing its commitment to financial integrity while forming strategic partnerships, including a new alliance with Polymarket to enhance USDC liquidity and securing federal approval for a digital currency bank.
“Shares of Coinbase Global (COIN), Robinhood (HOOD) and Circle (CRCL) have also also seen double-digit pullbacks this week, though they, too, rebounded Friday.”
“Ever since, the stock’s practically been in freefall, now it’s back to $80 and change.”
“Meanwhile, the shares of stablecoin giant Circle, which traded as high as $263 following its IPO last June, are now trading at $52.”
“On Feb. 3, ARK increased its exposure to several major crypto firms, including ... USDC stablecoin issuer Circle (NASDAQ: CRCL), ... ARK snapped up more than $8.7 million worth of Circle shares (34,342 shares in ARKK and 8,536 shares in ARKF)...”
“Circle and Polymarket announced a partnership today that will bring native USDC to the prediction market over the next few months, replacing the bridged stablecoin version traders currently use. This upgrade eliminates bridging risk, as cross-chain bridges are the weakest link in hacking blockchains.”
“Ark Invest’s ARK Innovation ETF and ARK Blockchain & Fintech Innovation ETF acquired 42,878 shares of Circle valued at approximately $2.4 million based on the closing price of $56.16.”
“Circle, the issuer of USDC, saw its stock decline by 4.59% on the same day.”
“Crypto-linked stocks impacted include: Circle Internet Group (CRCL [https://seekingalpha.com/symbol/CRCL]) - ~7% down.”
“Circle Internet Group (NASDAQ: CRCL), the issuer of the world's second-largest stablecoin USDC, fell by 4.66% to trade at $52.54.”
“Tether, based in El Salvador, dominates with its $185 billion USDT, followed by New York-based Circle Internet's (CRCL) $70 billion USDC.”
“The project plans to debut the token in the second half of 2026.”
“ARK Invest bargain hunted for a second straight day Tuesday, snapping up shares in cryptocurrency companies worth $19 million. The St. Petersburg, Florida-based investment manager bought $2.41 million worth of shares in Circle (CRCL)...”