Ark Invest, led by Cathie Wood, continues to actively sell off Circle shares, this time totaling approximately $110 million.
Sale of Circle Shares
On June 23, 2025, Ark Invest sold another major portion of its stake in CRCL, the stock issued by Circle. This sale marked the fourth large transaction in less than a week, following a $146.2 million sale the day before.
Response to CRCL Stock Surge
The sale coincided with the rise of CRCL, trading at $263.45 at the time of writing. The stock has increased since its debut price of $31 and briefly spiked near $300 during intraday trading on Monday.
Investments in Other Companies
Following the latest sale, Ark Invest reallocating some capital into other positions, increasing its holdings in Coinbase (COIN) and Robinhood (HOOD). Specifically, the firm purchased 4,198 shares of COIN worth $1.3 million and 319,640 shares of HOOD valued at $24.4 million.
Despite recent sell-offs, Ark Invest maintains its status as one of the largest shareholders in Circle and continues to diversify its investments.
