AIMCo Invests $25 Million in Circle, Signaling Institutional Interest in USDC

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Alberta Investment Management Corp (AIMCo), one of Canada’s largest institutional investors, has taken a new equity stake in Circle Internet Group ($CRCL), signaling steady ‘institutional demand’ for exposure to the stablecoin issuer even as Wall Street grows more cautious on the stock’s near-term trajectory. According to disclosed holdings, AIMCo purchased roughly 315,600 shares of Circle, a position valued at about $25.03 million.

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Telemac
Telemachttp://cryptoinfo.ch
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