Circle Stock Rallies to $134 as Post-IPO Surge Continues
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Circle shares rose 15% on Monday, closing at $134 as demand for the new stock stayed strong. The company, known for its USD Coin (USDC), went public just days ago at $31. Since then, the price has more than quadrupled. It briefly hit $138.57 during the day before pulling back slightly.
The company said it wants to bring traditional finance and digital currency closer together. That message is landing well with investors. Circle’s role in the growing stablecoin market is clear, and its reach continues to expand. USDC is already used around the world for fast, reliable payments.
Circle Secures $50 Million Investment From SBI Holdings And SBI Shinsei Bank
A fresh $50 million investment from SBI Holdings and SBI Shinsei Bank helped fuel more interest. Circle said this deal opens a path into Japan’s crypto market. Japan is strict about digital assets, and getting in isn’t easy. But with SBI’s help, Circle can now enter through its local exchange, SBI VC Trade.
Circle now has a chance to grow in Asia, where stablecoins are already widely used. The company hopes to offer USDC as a steady option in a space often full of risk. Tether currently leads the market there, but Circle wants to change that. A foothold in Japan could make a difference.
Another push came from ARK Invest, which bought 4.5 million Circle shares on day one. The firm said the deal was worth $373 million at the closing price. ARK is already known for betting on tech and crypto-linked firms. Circle now joins Coinbase, Robinhood, and Block in its portfolio.
To fund the purchase, ARK sold parts of those other holdings. The firm said it gained $39 million from Coinbase shares sale, $18.5 million from Robinhood shares, and $10.4 million from Block. The move didn’t go unnoticed by traders. The firm’s strong bet on Circle gave many investors more confidence in the stock.
Circle Now Holds Nearly Half Of All USDC In Circulation
Circle said it now holds nearly half of all USDC in circulation. That gives it a major role in how stablecoins are used around the world. USDC is tied to real dollars and doesn’t swing in price like Bitcoin. More traders and companies are using it for regular payments and transfers.
The New York Stock Exchange welcomed Circle with a public post, marking the company’s first day of trading. The exchange noted Circle’s years of work in digital payments. The firm’s leader, Jeremy Allaire, was seen ringing the opening bell. It was a moment that brought more eyes to the company.
With strong support and global plans, Circle is now in a good spot to grow even more. The company said it will keep building in both crypto and traditional finance spaces. It wants to make USDC a core part of how money moves around the world. Backers like ARK and SBI could help make that happen.
Some analysts say the early stock gains are fast and could slow down. However, others see long-term value in how Circle fits into the future of payments. The real test will come over time as the company proves it can grow and stay steady.
