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

Ark Invest executed a series of trades on November 3, 2026, that reflect a deliberate rebalancing of its crypto-focused equity portfolio.

The firm acquired 12,835 shares of Circle Internet Group, the company behind the USDC stablecoin, for a total value of approximately $965,000.

This purchase was offset by the sale of 37,754 shares of the Bullish crypto exchange, indicating a reallocation of capital rather than a net new investment.

Circle shares have recently traded within a range of approximately $72 to $80, placing the $965,000 transaction squarely within that price band.

Pattern of accumulation

This latest transaction is part of a broader trend of accumulation for Ark Invest, which has been adding to its Circle position over several weeks.

In late October, the firm bought 65,615 shares worth $5.2 million, followed by another purchase of 35,657 shares valued at $2.6 million in early November.

Ark has a consistent strategy of buying Circle shares when the price dips, making the stock a regular fixture in its exchange-traded funds.

The firm's holdings in Circle typically hover around 4-6% of its funds, a meaningful position that is subject to its standard rebalancing rules.

Shift in crypto exposure

The simultaneous sale of Bullish shares highlights a strategic preference for stablecoin exposure over exchange exposure at this time.

The fortunes of a crypto exchange are closely tied to trading volume, whereas a stablecoin issuer's business is tied to the circulation of its currency.

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

Since its listing, the stock has faced volatility due to broader market conditions and competition within the stablecoin sector.

With the stock trading in a $72 to $80 range, the near-term question is whether Ark Invest will continue its steady buying if the price breaks below the bottom of that band.