Ark Invest buys 12,835 Circle shares for roughly $965K, trims Bullish

Cathie Wood's firm added to its stablecoin bet on Tuesday while selling 37,754 shares of crypto exchange Bullish

Tue 3 Nov 2026 · 20:28 EST · 3 min read

Cathie Wood’s Ark Invest went shopping again on Tuesday. The firm picked up 12,835 shares of Circle Internet Group, the company behind the USDC stablecoin, for roughly $965,000.

It also sold something. Ark offloaded 37,754 shares of crypto exchange Bullish on the same day, so this was a reshuffle, not a fresh cash injection into crypto equities.

The trades, broken down

The Circle purchase took place on November 3, 2026. The stock trades on the NYSE under the ticker CRCL.

Circle shares have recently moved within a range of approximately $72 to $80. The roughly $965,000 price tag for this batch falls within that band.

On the other side of the ledger sat Bullish, which trades as BLSH. Ark sold 37,754 of its shares before making the Circle buy.

The Tuesday buy is small by Ark’s own recent standards. In late October, the firm bought 65,615 Circle shares worth $5.2 million.

That was followed by another purchase in early November. That one covered 35,657 shares, valued at $2.6 million.

Stack those up and a pattern becomes hard to miss. Ark has been adding to Circle repeatedly over a matter of weeks, and Tuesday’s trade is the latest installment rather than a standalone move.

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How Ark tends to play this stock

Ark has a recognizable habit with Circle. Throughout 2026, the firm has tended to buy the stock on days when the price slips.

Circle has become a regular fixture in Ark’s ETFs. Its weighting has often hovered around 4-6%, which makes it a meaningful position rather than a speculative side bet.

There is also a structural reason Ark trades so often. The firm routinely rebalances so that no single holding exceeds 10% of a fund’s assets.

Circle’s road since going public

Circle listed on June 5, 2025. It entered public markets as the issuer of USDC, a stablecoin designed to track the US dollar.

Since the listing, USDC circulation has grown. The stock, however, has not been a smooth ride.

Shares have faced volatility tied to broader market conditions. Competition in the stablecoin sector has also weighed on sentiment at times.

What this means for Circle and crypto equity investors

A purchase of roughly $965,000 is modest next to the $5.2 million buy in late October.

Given Ark’s 10% rule, some of this activity is housekeeping. Rebalancing purchases can look like bold bets from the outside while being fairly mechanical on the inside.

The Bullish side deserves attention too. Selling exchange exposure while buying stablecoin exposure reflects a preference for one crypto business model over another, at least for now.

An exchange’s fortunes tend to rise and fall with trading activity. A stablecoin issuer’s business is tied more closely to how much USDC is in circulation.

With shares recently moving within an approximately $72 to $80 range, the near-term question is whether Ark’s steady buying continues if the stock breaks below the bottom of that band.

Disclosure: This article was edited by John Chen. For more information on how we create and review content, see our Editorial Policy.