Cathie Wood’s ARK Invest, a well – known cryptocurrency – friendly asset manager, has sold its first batch of Circle shares for approximately $51.7 million. Here are the details:
Circle, a stablecoin issuer, made its public debut on the New York Stock Exchange on June 5, 2025. ARK Invest had acquired about 4.49 million shares of Circle common stock on the first day of trading, with a value of $373.4 million at the closing price. ARK was among the early investors interested in buying up to $150 million in Circle shares before its NYSE launch.
On June 16, 2025, ARK offloaded 342,658 Circle (CRCL) shares from its three funds: ARK Innovation ETF (ARKK), ARK Next Generation Internet ETF (ARKW), and ARK Fintech Innovation ETF (ARKF). The sale was spread across these funds, with 196,367 shares sold from ARKK, 92,310 from ARKW, and 53,981 from ARKF. The total value of the sold shares is approximately $51.7 million, representing about 7.6% of ARK’s initial position in Circle.
Despite the sell – off, Circle remains one of the top holdings in ARK’s three funds. After the sale, ARKW holds $124 million worth of CRCL shares, accounting for 6.7% of its total assets, and ARKF holds $72 million worth of CRCL shares, also 6.7% of its assets. Circle’s stock price has performed strongly since its IPO, reaching a new intraday high of $165.60 on June 16 before closing at $151.06, which is its highest closing price to date. Since its debut at $31 on June 5, the stock has climbed approximately 387%, nearly quintupling in under two weeks. This strong performance has attracted attention across the industry, and other early investors like Sigil Fund have also seen significant returns on their investments.
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