$USDC

Cathie Wood's ARK Invest Dumps $45M in Circle Shares as Stock Slides

ARK Invest, led by Bitcoin bull Cathie Wood, sold another 300,108 Circle (CRCL) shares for $44.7M on Tuesday, totaling $96.5M in sales over two days. The move comes as Circle's stock dropped 1.3% to $149, despite the US Senate passing the pro-stablecoin GENIUS bill. ARK's sales represent 14% of its $373.4M CRCL stake from Circle's June 5 IPO. No other major public Circle investors, like BlackRock, have reported sales. Circle CEO Jeremy Allaire and other execs also sold shares during the IPO.