Ark Invest purchases $5.5 million worth of Circle stock

Odaily reported that Ark Invest purchased a total of 41,904 shares of Circle stock through three ETFs, worth 5.5 million USD. This is its first Circle purchase since March 24. Currently, Circle’s market value in ARKK holdings is 306.5 million USD, in ARKW is 82.3 million USD, and in ARKF is 56 million USD.

Circle announced its first quarter financial report, with total revenue reaching 694 million USD, up 20% year-on-year, while net profit dropped to 55 million USD. On-chain USDC transaction volume reached 21.5 trillion USD, and circulation reached 77 billion USD. Circle’s stock price rose 15.91% to 131.76 USD.