Ark Invest buys $5.5M of Circle (CRCL) across ARK ETFs after Q1 beat; CRCL jumps 16% to two-month high; Circle discloses $222M ARC presale; Bernstein sets $190 target
first published 2026-05-12T09:05:01Z
Ark Invest purchased 41,904 shares of Circle Internet (CRCL) worth $5.5 million across ARKK, ARKW and ARKF after Circle reported Q1 earnings that beat estimates (EPS $0.21). CRCL closed up 16% at $131.76, its highest close since March 18. Circle also disclosed a $222 million presale raise for its Arc blockchain's ARC token. Ark's buy was its first purchase of Circle stock since March 24; it had sold $1.2 million on April 17.
AI Analysis
Bullish signals: Ark bought 41,904 CRCL shares totaling $5.5M and Circle reported Q1 EPS $0.21 beating estimates; CRCL rose 16% to $131.76 (highest since March 18). Circle also disclosed a $222M presale for the ARC token. Ark had previously sold $1.2M on April 17.
Expected Investor Sentiment: Bullish
Potential Market Impact: Significant
Source Articles
- Cathie Wood’s Ark Invest chases Circle stock as it hits a 2-month high - CoinDesk
- Bernstein backs Circle with $190 target as ARC presale reaches $222 million - Crypto News
- Morning Minute: Circle Stock Soars After Q1 Beat, $222M Arc Raise - Decrypt
- Privacy emerges as crypto’s next 'killer app,' with Arc, Canton and Tempo topping $1 billion in funding - CoinDesk
