stable coins
By Bruce Buterin
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725,517 Shares and Counting. The 220,000 shares bought Tuesday aren't a one-off. They're the latest chunk in what's become a…
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Buying Into the Slide. Circle's stock decline has been notable. The source doesn't give specific percentages, but the…
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No Comment, No Roadmap. ARK Invest hasn't said anything publicly about future buying plans for Circle.
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Cathie Wood's firm didn't blink. ARK Invest bought 220,000 Circle shares on Tuesday for $13.
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That's not a typo. ARK bought more as the price fell. The firm has been stacking Circle shares across multiple purchases throughout July, and the Tuesday buy is the biggest…
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Circle, for anyone who hasn't followed the company closely, is the outfit behind USDC, one of the largest stablecoins by market cap.
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ARK didn't specify how many separate purchases make up that July figure, and there's no breakdown of what the average cost basis looks like across the full batch.
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Cathie Wood has built ARK's entire reputation on this kind of move. Buy the dip, hold through the pain, wait for the thesis to play out. It's worked spectacularly in some cases.
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Circle's stock decline has been notable. The source doesn't give specific percentages, but the language is consistent — steep drop, significant decline, a downturn that would…
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See also: Circle faces challenges today, as the company navigates significant market fluctuations. Meanwhile
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That's either genius or stubbornness, depending on how Circle performs from here. The stablecoin market itself isn't going anywhere — if anything, institutional demand for…
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And the broader context matters too. Stablecoin regulation has been a moving target globally, but the general drift in the U.S.
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But it's still a bet. Circle's path isn't guaranteed. The stock fell for reasons that didn't disappear just because ARK bought in. Competition is real.
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ARK Invest hasn't said anything publicly about future buying plans for Circle. No guidance on whether 725,517 shares is the ceiling or just a waypoint.
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Read also: Open USD Revenue-Sharing Model Takes Aim at Circles USDC Profit Engine
The Currency Analytics
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