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Cathie Wood buys millions in popular crypto stock on Chelsea FC deal

Cathie Wood buys millions in popular crypto stock on Chelsea FC deal

Veteran investor Cathie Wood‘s firm ARK Invest bought 35,192 shares of Circle Internet Group (NYSE: CRCL) worth around $3.36 million on Aug. 31.

Circle is a popular crypto company that issues the USDC stablecoin. As per the onchain analytics platform DeFiLlama, USDC currently has a market cap of $73.68 billion and accounts for more than 24% of the total stablecoin market.

Total Stablecoins Market Cap, Source: DeFiLlama

Circle becomes Chelsea FC partner

On Aug. 28, Circle announced a principal partnership with Chelsea Football Club, following which the crypto company becomes the club’s official front-of-shirt partner.

In the 2026-27 season, Circle and USDC brands will appear on…

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