ARK Invest founder Cathie Wood stated that Wall Street analysts fail to understand Circle due to their focus on traditional payment companies. Despite Circle (CRCL) shares falling 42% over the past year, Wood has continued to buy, making Circle her flagship fund's largest cryptocurrency bet. As of last Friday, ARK's flagship fund held 3,931,968 shares of Circle stock, valued at $329 million, accounting for 5.14% of its portfolio, surpassing its Coinbase holdings.