Circle stock continues its meteoric rise, surging another 20% on Monday to reach $300 per share—a remarkable 10x increase from its IPO price within just three weeks of trading. This extraordinary performance has captured Wall Street’s attention, even as major investors adjust their positions.
Institutional Investors React to Circle’s Wall Street Dominance
Despite Cathie Wood’s Ark Invest selling over 415,000 CRCL shares worth more than $110 million across three funds, Circle stock maintained its upward momentum. The Iran-Israel peace deal added further optimism to markets, contributing an additional 1% boost to Wall Street indices.
Circle’s stock price surge has set a new benchmark for cryptocurrency-related initial public offerings (IPOs). With a staggering 900% gain in just three weeks, CRCL stock has achieved something unprecedented: its market capitalization now exceeds that of USDC stablecoin, the company’s flagship product.
Market Performance Highlights Circle’s Institutional Appeal
After reaching $300 during Monday’s trading session, Circle stock closed at $260.54 with a 9.62% daily gain. The company’s current market capitalization stands at an impressive $54 billion, cementing its position as a major player in the digital asset space.
“Circle IPO is changing the conversation with mainstream investors. 2025 is the start of the mainstream era,” stated Bitwise Invest CEO Hunter Horsley, highlighting the transformative impact of Circle’s public debut.
The success of Circle’s IPO has inspired other major cryptocurrency exchanges. Gemini and OKX are reportedly preparing for their own Wall Street debuts, potentially launching their public offerings later this year.
VanEck Increases Circle Holdings Beyond CEO’s Stake
Circle stock has become a cornerstone holding for institutional investors, particularly asset manager VanEck. The firm’s commitment to CRCL has grown so substantial that its holdings now exceed those of Circle CEO Jeremy Allaire.
VanEck CEO Matthew Sigel confirmed this development on social media, stating: “$CRCL is now the No. 1 weight in VanEck $MVDAPP index @ 13%, with smaller positions in active strategies. Our total holdings now exceed CEO Jeremy Allaire’s.”
This institutional accumulation demonstrates growing confidence in Circle’s long-term prospects and its role in bridging traditional finance with digital assets.
Ark Invest Strategic Rebalancing Amid Circle’s Rally
While Circle stock continues its impressive run, Cathie Wood’s Ark Invest has taken a strategic approach to position management. The firm offloaded 415,000 Circle shares on Monday across three funds: the ARK Innovation ETF (ARKK), the ARK Next Generation Internet ETF (ARKW), and the Ark Fintech Innovation ETF (ARKF).
This marks Ark Invest’s second major CRCL selloff within a week, though the firm maintains substantial exposure with 3.8 million shares remaining in its portfolio. Given Ark’s initial $376 million investment when CRCL traded below $100, the firm has already realized a threefold return on its original investment.
The Future of Crypto IPOs on Wall Street
Circle’s phenomenal stock performance signals a new era for cryptocurrency companies seeking to access the public market. As institutional investors increasingly embrace digital asset exposure through traditional equity markets, Circle has established itself as the gold standard for cryptocurrency initial public offerings (IPOs).
Ready to stay ahead of the crypto IPO wave? Continue to monitor Circle’s performance and upcoming public offerings from major cryptocurrency exchanges, as this trend continues to reshape Wall Street’s relationship with digital assets.
