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ZyCrypto 2025-06-01 13:00:48

BlackRock & Ark Invest Mulls Major Stake In Circle’s Proposed IPO

Asset manager BlackRock has shown interest in acquiring a 10% stake in USDC stablecoin issuer Circle . The highly anticipated initial public offering (IPO) will attract large crypto and traditional finance firms. This follows a thickening institutional plot in the crypto market, adding an extra layer of legitimacy for the high-flying assets. Big Firms Eye Circle’s IPO BlackRock is preparing to acquire part of Circle’s shares in its upcoming IPO, Bloomberg reported , citing sources familiar with the matter. Per a recent Securities and Exchange Commission (SEC) filing, Circle’s Chief Executive, Jeremy Allaire, plans to raise about $624 million in the IPO. The deal, which is expected on June 4, has recorded multiple orders for the shares available. The sources said the deal’s details are not finalized, and the $9 trillion asset manager could swoop in for a stake through another vehicle or opt out entirely. BlackRock and Circle are not strangers, as previous deals have already been struck. BlackRock manages a money market fund for Circle that backs the USDC stablecoin. The Fund now holds approximately $53.5 billion. USDC adoption is projected to build on gains in the past three quarters. Recent institutional developments in the United States, with its user base soaring, are tipped to favor the asset. Incoming stablecoin rules will also push its compliance in multiple jurisdictions. Circle initially filed for its IPO on April 1 but delayed due to rising economic concerns amid US tariff wars. The company has attracted big crypto firms like Ripple and Coinbase as users flock to its USDC stablecoin. Fortune reported informal sale talks with Coinbase and Ripple. However, Circle insisted it was not for sale following reports of a $4 billion bid deemed too low. According to the rebuttals, Circle remains committed to its long-term goals. Meanwhile, Cathie Wood’s Ark Invest is also preparing a $150 million swoop in Circle’s IPO. Community Expresses Optimism Over Soaring Adoption Digital asset traders remain thrilled as more institutional investors increase their exposure to the crypto market. According to experts, inflows have positioned assets for major upswings in Q2 2025. From investment in Bitcoin mining firms to stablecoin issuers, traditional players have raised the bar. Strategy, H100, and Addentax made recent Bitcoin acquisitions as the price closed at $110k. Meanwhile, GameStop announced a $513 million purchase, picking up 4,710 BTC.

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