Investment firm ARK Invest, led by renowned investor Cathie Wood, has once again capitalized on the explosive growth of Circle shares—known for backing the USDC stablecoin—by selling off a significant portion of its holdings. With this third round of selling, ARK has now secured profits totaling $243 million.
According to the latest portfolio disclosures dated June 20, ARK sold 609,175 shares of Circle (CRCL) across three of its ETFs:
🔹 ARK Innovation ETF (ARKK) sold 490,549 shares
🔹 ARK Next Generation Internet ETF (ARKW) sold 75,018 shares
🔹 ARK Fintech Innovation ETF (ARKF) sold 43,608 shares
The total value of the recent sale was $146.2 million, and the timing aligned perfectly with a 20.4% surge in Circle’s share price on the same day. This follows earlier sales on June 16 and 17 worth $52 million and $45 million, respectively.
📈 Since its IPO, Circle's stock price has skyrocketed from an initial $31 to around $240, marking a gain of over 400%. While ARK is cashing in on gains, it remains a major shareholder, now holding over 3.2 million shares, down from the original 4.5 million acquired shortly after the IPO.
The largest investor in Circle remains the IDG-Accel China Capital Fund II, holding 23.3 million shares.
💼 With the recent rally, ARK Invest’s stake in Circle is now worth approximately $779 million, making it one of the top holdings in ARK’s portfolio alongside giants like Tesla (TSLA) and Robinhood (HOOD).
#CathieWood , #ArkInvest , #stockmarket , #WallStreet , #etf
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