ARK Invest Acquires Shares in Circle, BitMine, and Bullish

On November 14, ARK Invest, led by Cathie Wood, acquired shares in Circle Internet Group, BitMine Immersion Technologies, and Bullish through three ETFs: ARKK, ARKW, and ARKF. The purchases followed declines in these stocks:

Circle: −4.59% to $82.34
BitMine: −9.86% to $36.57
Bullish: −9.85% to $41.02

The total acquisition included:

188,941 Circle shares ($16.3 million)
242,347 BitMine shares ($9.8 million)
177,480 Bullish shares ($7.3 million)

Circle's Q3 Performance

Circle reported significant growth in its Q3 results:

Revenue and reserve income: $740 million (+66% YoY)
Net income: $214 million (+202% YoY)
USDC circulation: $73.7 billion (+108% YoY)

Additionally, Circle is considering launching a native token for its Arc blockchain, currently in public testnet. William Blair maintained an "Outperform" rating on Circle, highlighting its strong position in the stablecoin market.

ARK's recent acquisitions, totaling approximately $30.5 million across the funds, align with Circle's post-earnings stock volatility.