Cathie Wood’s ARK Invest has significantly increased its exposure to Circle Internet Group, purchasing 217,896 shares (worth approximately $13.7 million) on July 9. The same day, the firm sold 85,319 Robinhood shares for roughly $9.8 million, reallocating capital toward the stablecoin issuer. This move is part of a broader accumulation trend—in the past two months, ARK has poured over $37 million into Circle, including an $18 million buy on July 1 and $5.5 million in May following earnings.
Circle shares closed at $63.01, down 1.65% on the day, and have fallen 68% over the past year. ARK’s strategy of buying during weakness aligns with its long-term conviction in regulated stablecoins and blockchain payment infrastructure. Wall Street analysts remain broadly bullish: the average 12-month price target of $131.76 implies a 109% upside. In contrast, Robinhood shares have gained over 21% in the past year, with the average analyst target suggesting a modest 2.4% downside.
The trades come as stablecoin adoption grows and regulatory clarity looms via the CLARITY Act—a bill Wood supports—though its future in the Senate remains uncertain. Investor focus is now on whether ARK will continue building its Circle stake or further reduce its Robinhood position, as both companies navigate the evolving crypto-finance landscape.
