Ark Invest’s first Circle purchase since March 24 followed quarterly results showing higher revenue, lower net profit, and continued scale in USDC usage and circulation.
Ark Invest bought 41,904 Circle Internet Group shares worth about $5.5 million through three exchange-traded funds, marking its first purchase since March 24. The buy came after Circle’s first-quarter earnings, with the stock closing 15.91% higher at $131.76. Circle reported Q1 revenue of $694 million, up 20% year over year, while net profit fell to $55 million. The company also said USDC on-chain volume reached $21.5 trillion and circulation rose to $77 billion, adding operational context to investor interest in the crypto-linked equity.