Stock Track | Circle Internet Corp. Soars 5.12% Intraday on Prominent Fund Manager's New Position Disclosure

Stock Track
May 01

Circle Internet Corp.'s stock surged 5.12% during intraday trading on Friday, marking a significant upward movement for the crypto-finance company.

The rally appears to be driven by news that Oriental Harbor Investment Master Fund, managed by prominent investor Dan Bin, disclosed via its 13F filing to the SEC that it initiated a new position in Circle Internet during the first quarter. The fund purchased approximately 31,700 shares with a market value of about $3.03 million, making Circle one of only three new additions to the fund's portfolio alongside TSMC and Micron Technology.

Circle, as the issuer of USDC—the world's second-largest stablecoin—is deeply embedded in the crypto-finance ecosystem. While Dan Bin characterized his Circle holding as an observational position representing only 0.27% of his portfolio, the broader signal of a major institutional investor entering the crypto-finance space has drawn significant market attention and appears to be fueling the stock's upward movement.

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