BlackRock to Acquire Stake in Circle Internet Ahead of IPO

BlackRock Inc. is set to purchase approximately 10% of the shares in Circle Internet Group Inc.’s upcoming initial public offering, according to a Bloomberg report. The move underscores growing institutional interest in digital assets as crypto firms seek mainstream legitimacy.

Circle, the issuer of the USDC stablecoin, aims to raise $624 million through its IPO. The offering has drawn significant demand, with orders reportedly exceeding available shares. Cathie Wood’s Ark Investment Management has expressed interest in acquiring up to $150 million worth of shares.

The deal, scheduled to price on June 4, reflects renewed confidence in crypto-focused companies. BlackRock’s participation signals a convergence of traditional finance and digital assets, as major players increasingly embrace blockchain-based financial infrastructure.