Circle shares jump 7.7% on strong earnings and rising institutional demand amid USDC growth.

Circle Internet Group's stock rose 7.7% to $99.70 driven by strong quarterly earnings that beat estimates and increased institutional buying. The company reported earnings per share of $0.43 versus the $0.25 consensus and revenue growth of 76.9% year-over-year, fueled by expanding USDC stablecoin circulation and higher interest income from reserves. Major investors like Invesco, Ark Invest, and Comerica Bank increased their holdings, signaling confidence despite ongoing insider selling and regulatory uncertainties. Circle also expanded USDC minting on the Solana blockchain and engaged with DeFi projects, positioning itself for further growth amid competitive and regulatory challenges.