ARK Invest Increases Circle Holdings Amid Strategic Moves

ARK Invest, led by Cathie Wood, has increased its holdings in Circle (CRCL) by 218,000 shares, valued at approximately $13 million, signaling heightened institutional confidence. This move comes as Circle’s stock price surpasses its 7-day and 30-day moving averages, indicating a bullish trend with a 3.6% gain over the past week.

Circle has also entered a strategic partnership with Polymarket, adopting USDC as the primary settlement asset, which could enhance USDC’s role in prediction markets. Analysts suggest that under the GENIUS Act framework, Circle could benefit from increased digital dollar reserves flowing into the US Treasury market, presenting medium- to long-term opportunities.