Circle Stock Explodes 347% as $CRCL Hits Record $138 on Institutional Buying


$CRCL reached an intraday peak of $138.57 on its third trading day, up 347% from its $31 IPO price last week.


Japanese financial giant SBI Holdings invested $50 million, securing one of the largest allocations in the stablecoin issuer.


ARK Invest purchased 4.48 million shares on opening day, potentially sitting on over $524 million in unrealized gains.


ProShares filed for an Ultra CRCL ETF that would double the daily gains or losses of the #stablecoin company.


Rate cuts could hurt Circle's revenue model since it earns most income from interest on cash backing USDC.


Every 25-basis-point rate cut could reduce Circle's 2026 EBITDA by $100 million, according to FundStrat analysis.

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June 09, 2025 at 9:08 PM
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