Institutional interest in Circle rose on May 13, 2026, signaling confidence after the company's latest quarterly earnings. Peregrine Investment Management Inc. increased its stake by 26.7%. Vanguard and Sumitomo Mitsui Trust also boosted their holdings.
The buying activity followed Circle’s May 11 earnings report. The company exceeded EPS expectations while missing revenue estimates.
USDC in circulation increased 28% year-over-year. On-chain transaction volume surged by 263%.