Ark Invest Buys $30.5M Circle Shares Amid Stock Dip

• Ark Invest purchased $30.5 million of Circle shares across ARKK, ARKW and ARKF ETFs despite a 12.2% drop in Circle’s stock after its Q3 results. • Circle reported Q3 revenue of $740 million (up 66% YoY) and net income of $214 million (up 202% YoY), driven by its stablecoin and payments ecosystem. • USDC circulation reached $73.7 billion, a 108% increase year-on-year, reflecting strong institutional demand for dollar-backed digital assets. • William Blair analysts maintain an “outperform” rating on Circle shares, citing its leading position in a winner-take-most stablecoin market but warning of regulatory and competitive risks. • Circle plans to launch a native token on its Arc layer-1 EVM blockchain, shifting from gas fees in stablecoins to a dedicated token for governance and incentives. • The Arc testnet has participation from Goldman Sachs, BlackRock, Visa and over 100 enterprises exploring on-chain settlement and tokenized infrastructure. • App-specific blockchains like Arc address congestion and high fees on public chains but raise concerns about liquidity fragmentation and centralization. • Ark Invest’s aggressive accumulation and Circle’s expanding ecosystem signal confidence in Circle’s long-term role in global digital finance.