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BlackRock said to plan to buy shares in Circle IPO, Bloomberg reports

BlackRock (BLK) plans to acquire about 10% of the shares offered in Circle Internet’s (CRCL) initial public offering, according to people familiar with the matter, as the worlds of traditional finance and cryptocurrency continue to deepen their ties, Bloomberg’s Ryan Gould and Anthony Hughes report. The stablecoin issuer and some of its shareholders, including co-founder and Chief Executive Officer Jeremy Allaire, are seeking to raise as much as $624M in the offering, according to a U.S. Securities and Exchange Commission filing Tuesday. Cathie Wood’s Ark Investment Management has indicated an interest in buying as much as $150M of shares in the offering, the filing shows.

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