China’s Buffett buys Circle in stablecoin stock surprise
Circle stock has drawn new attention after H&H International Investment, linked to Chinese investor Duan Yongping, disclosed a new position in the stablecoin issuer.
- Duan Yongping’s H&H International bought 200,000 Circle shares, worth about $19.08 million in Q1.
- The Circle stake equals roughly 0.10% of a reported $20 billion 13F portfolio.
- Recent market coverage shows Circle remains tied to USDC growth, regulation, and stablecoin demand.
H&H International Investment reported 200,000 Circle Internet Group shares in its Q1 2026 portfolio. Dataroma data showed the position was worth about $19.08 million, with an average price of $95.41 per share.
The Circle position accounted for about 0.10% of the portfolio. H&H International reported a total 13F portfolio value of about $20 billion as of March 31, 2026. Its largest positions included Apple, Berkshire Hathaway, Nvidia, PDD Holdings, and Tesla.
Circle gives portfolio stablecoin exposure
Circle is best known as the issuer of USDC, a dollar-backed stablecoin used for payments, trading, and settlement. Circle says USDC is redeemable 1:1 for U.S. dollars and is designed to keep price equivalence with the dollar.
The stake does not show a large crypto bet by Duan. Its small size suggests measured exposure to a listed company tied to stablecoin infrastructure, rather than a broad move into digital assets.
Additionally, Circle shares have seen sharp moves in 2026. Related market coverage said CRCL rose more than 15% after the company reported stronger financial results, supported by rising USDC circulation. That report said USDC circulation jumped 72% year over year to more than $75.3 billion.
The stock has also faced regulatory pressure. Separate coverage said Circle fell about 22% after a tougher CLARITY Act draft raised concerns over possible limits on stablecoin yield and rewards.
Stablecoin growth keeps investors watching
Recent Circle-related updates show why stablecoin companies remain in focus. Market coverage on the Circle tag page said the firm reported $694 million in Q1 revenue and USDC circulation of $77 billion. It also raised $222 million for its Arc blockchain at a $3 billion valuation.
The same updates showed wider use of USDC across payments and blockchain infrastructure. Recent reports covered Meta using USDC for creator payouts, Nium adding USDC payments through Coinbase, and Circle launching managed settlement tools for banks and fintechs.
Meanwhile, Duan is often watched because of his long-term investment record and value-focused style. A new Circle position therefore gained attention even though it remains a minor part of his portfolio.
