Cathie Wood Scoops Up $46M of Circle Stock as Shares Plummet Below $90

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Oh, look! It’s Cathie Wood and her trusty ARK Invest, back at it again, snatching up shares of USDC issuer Circle like a bargain hunter at a half-price sale. This time, they’re diving into the deep end with $46 million worth of Circle stock, and-wait for it-at a price lower than $90! Who says investing can’t be thrilling? 🎢

In the last two trading days, ARK purchased a hefty 542,269 shares of Circle (CRCL). The $46 million splurge was spread across two purchases: $30.4 million on Wednesday and another $15.5 million on Thursday. The timing? Oh, only when the price of CRCL shares plummeted to a jaw-dropping $86 and $82.30. 🎯 Talk about catching a falling knife, darling.

Now, here’s the real twist. This delightful buying spree marks ARK’s first acquisition of Circle shares since June, when they unloaded a cool 1.7 million shares in four separate sales. Back then, they managed to sell at an average price of $200-generating a rather cheeky $352 million. Oh, how the mighty have fallen! 📉

Circle Shares: From Dazzling Heights to Dismal Lows

Let’s take a stroll down memory lane, shall we? Circle shares debuted on the New York Stock Exchange (NYSE) on June 5, opening at a modest $69 and closing the day at $83.2. Not bad, darling, not bad at all! But wait-just a few weeks later, CRCL was off to the races, rocketing up to nearly $299 by June 23. A brief but glorious moment of splendor, wouldn’t you agree? 🚀

Ah, but as is often the case in this glamorous world of stocks, the fall was just as swift. By July, Circle shares were already sinking below $200. And by November 11, after losing a crucial $100 support level, the stock just kept sliding, eventually dipping to a mere $81.40. Oh, the drama of it all! 💔

As of Friday morning, ARK Invest held a rather impressive 3.1 million shares of Circle, worth around $256 million-if you can believe that at these prices. 😱 ARK’s holdings are spread across three of their funds: ARK Innovation ETF (ARKK), ARK Next Generation Internet ETF (ARKW), and ARK Fintech Innovation ETF (ARKF). And let’s not forget ARKK, their largest fund, which holds the lion’s share of Circle shares, coming in at a rather delightful $165.7 million.

But wait, there’s more! As if snapping up Circle shares wasn’t enough, ARK is also making waves in the world of Bitcoin mining. They’ve been buying up shares in Bitmine Immersion Technologies (BMNR), which, fun fact, is now the largest public company holding Ether (ETH). On Thursday alone, ARK picked up another 242,347 BMNR shares for about $8.9 million. Because why stop at one? 🤷‍♀️

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2025-11-14 13:54