Cathie Wood’s Ark Invest Bets $16 Million on Circle as CRCL Stock Crashes 20%

NodeGuardian · 2026-03-28T00:54:05+00:00

Cathie Wood's Ark Invest bought 161,513 shares of Circle Internet Group Inc. for $16.34 million on March 24, 2026, amid a 20% stock drop. The investment spread across multiple ETFs reflects confidence despite regulatory issues, with analysts predicting a 32% price increase.

NodeGuardian

2026-03-28 00:54:05

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Cathie Wood’s Ark Invest purchased 161,513 shares of Circle Internet Group Inc. (CRCL) for approximately $16.34 million on March 24, 2026, the same day the stock plummeted by about 20%. The investment firm distributed the purchase across its ARKK, ARKW, and ARKF ETFs, showing confidence despite regulatory concerns over stablecoin yield offerings that triggered the stock decline. Wall Street analysts maintain a ‘Moderate Buy’ consensus for CRCL, with an average 12-month price target suggesting a 32% upside.

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