On August 13, Circle Internet Corp. rose 5.09% in regular trading, trading at $74.81/share, with turnover of $500 million.
On the news front, multiple bullish catalysts continue to drive the stock higher. Bitwise research head Ryan Rasmussen stated that investors are significantly underestimating Circle's growth opportunity, projecting the stablecoin market to expand from approximately $300 billion to $3-5 trillion, with Circle's existing market share positioning it for first-mover advantage as U.S. stablecoin regulation takes shape. Additionally, USDC Treasury minted 250 million USDC on Solana on August 12, following a 500 million USDC mint earlier in the month, bringing cumulative Solana minting to over $76 billion year-to-date.
Supporting the rally, ARK Invest purchased 313,764 shares of CRCL worth approximately $20.92 million on August 7, while Circle's Q2 earnings reported on August 5 showed EPS of $0.18, beating the $0.16 consensus estimate and marking a decisive swing to profitability from a year-ago loss.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
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