Stocks
CRCL Stock Surges 5.3% as Circle Internet Grabs IBM Blockchain Patent Portfolio
Circle Internet Group Inc.'s stock surged by 5.3% on Friday, August 21, 2026, as a result of favorable regulatory and adoption news.
The company's shares have been on a steady rise over the past few weeks, climbing from the low $60s to the low $80s, with the latest close around $83.66 after an intraday high near $85.28.
This uptrend can be attributed to several factors, including Bitcoin trading above $71,000, which has pushed crypto-linked names higher, and Circle Internet's acquisition of a major slice of IBM's blockchain patent portfolio, sparking a roughly 2% premarket pop in CRCL shares.