ARK Invest Purchases $3.36 Million in Circle Internet Financial Following Partnership with Chelsea FC
On August 31, ARK Invest, led by Cathie Wood, purchased 35,192 shares of Circle Internet Group (CRCL) for approximately $3.36 million. The move followed a major partnership between Circle and the English Premier League football club Chelsea FC on August 28, under which Circle became an official front-of-shirt partner starting from the 2026-27 season. Circle is best known for its USDC stablecoin, which has a market cap of $73.68 billion as reported by DeFiLlama and accounts for over 24% of the total stablecoin market. The stock closed up nearly 9% at $95.55 on Monday following ARK's purchase. On the same day, ARK also bought shares in Block (XYZ), a Bitcoin-focused fintech company founded by Jack Dorsey, while selling positions in several other tech and AI stocks.
Topics: ARK Invest Cathie Wood Circle Internet Group crypto stock purchase