According to reports from Wu, Cathie Wood's Ark Invest reduced its holdings in the stablecoin USDC issuer Circle (CRCL) by a total of 342,658 shares, cashing out approximately 51.7 million dollars. This sale occurred as CRCL's stock price reached a new high, closing at 151.06 dollars, nearly five times the IPO issue price of 31 dollars. Circle has recently been favored by investors due to the growth of USDC and the favorable GENIUS bill.

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