A C1 source, the carbido complex [Ru(C)(PCy3)2Cl2] (1) adds cleanly to dimethylacetylene dicarboxylate (DMAD), affording the cyclopropenylidene complex 2 (red O, green Cl, yellow P, gray C). This product is surprising given the instability of its trans‐cyclopropylidene analogue. HX reagents effect 1,1‐addition and ring opening, forming vinylidene complexes such as 3 which catalyze the ring‐opening metathesis polymerization of norbornene.