ARK Invest, led by Cathie Wood, has sold $51.7 million worth of Circle (CRCL) shares following an extraordinary rally in the stock, which has surged nearly 5x since its June 5th IPO. On June 16, 2025, ARK divested 342,658 shares of Circle across its ARKK, ARKW, and ARKF ETFs, representing around 7.6% of its original 4.5 million-share position. Despite this partial sell-off, ARK still retains over 4.15 million shares, valued at approximately $628 million, well above its initial $373 million investment.
Circle’s stock price reached an intraday high of $165.60 and closed at $151.06, marking significant gains just weeks after the company went public at $31 per share. This price rally highlights strong investor interest and optimism about Circle’s future, particularly as a key player behind the widely used USDC stablecoin and fintech services.
The sale appears to be a strategic move involving profit-taking, portfolio rebalancing, and risk management rather than a sign of lost confidence. ARK has a history of active management and may be reallocating capital to other opportunities after capitalizing on Circle’s swift appreciation.
Circle’s IPO and resulting stock performance signal growing institutional acceptance of regulated stablecoins and their increasing significance in bridging traditional finance with decentralized digital assets. While regulatory developments remain a variable, ARK’s continued large holdings in Circle reflect a bullish long-term view on fintech innovation and the stablecoin market.