Cathie Wood’s ARK Invest recently offloaded shares of Circle (CRCL) valued at $146.2 million, despite the stock experiencing a remarkable increase of nearly 250% since its debut on the New York Stock Exchange on June 5.
Key Highlights:
ARK Invest executed the sale of $146 million in Circle shares during a week when CRCL surged approximately 248% from its initial public offering.
Even after this divestment, ARK maintains its position as the eighth-largest shareholder in Circle, with holdings totaling around $750 million.
While ARK chose to reduce its stake, other significant investors, including BlackRock, have kept their positions intact.
The recent transactions involved a sale of 609,175 CRCL shares across three ARK funds—ARK Innovation ETF (ARKK), ARK Next Generation Internet ETF (ARKW), and ARK Fintech Innovation ETF (ARKF).
Among these sales, ARKK accounted for the largest number, offloading 490,549 shares. Meanwhile, ARKW and ARKF sold 75,018 and 43,608 shares, respectively.
ARK Invest Sells Circle Shares Amid CRCL’s 248% Surge
The timing of Friday’s sale aligned with a 20.4% increase in CRCL’s stock, which closed at $240.30, representing a significant rise from its initial price of $69 earlier this month.
This transaction marked the third round of sales by ARK within the week, with total shares offloaded reaching 1.25 million, culminating in approximately $243 million in revenue.
Despite these strategic cuts, ARK still holds a substantial stake in Circle, continuing to be the company’s eighth-largest shareholder with around $750 million in CRCL shares as of June 20.
Notably, CRCL has become a prominent component of the ARKW fund, comprising 7.8% of its overall portfolio.
Here are the current top 15 largest holdings in Cathie Wood and Ark Invest’s $ARKK ETF
Tesla $TSLA – 10.15%
Coinbase $COIN – 8.31%
Circle $CRCL – 7.84% pic.twitter.com/SBQcYUqIip
— ETF Tracker (@TheETFTracker) June 20, 2025
The largest shareholder of Circle remains IDG-Accel China Capital Fund II, with a total of 23.3 million shares, followed by General Catalyst and James Breyer.
Interestingly, ARK stands out as the only substantial investor in Circle to meaningfully reduce their stake following the IPO.
In contrast, other prominent backers such as BlackRock, which is reportedly considering a 10% stake in the company, have yet to announce any sales.
However, Circle executives have begun selling portions of their holdings, with CEO Jeremy Allaire, co-founder Sean Neville, and CFO Jeremy Finance Newso-Geen indicated in the prospectus as intending to divest 8%, 11%, and 11% of their respective stakes.
Ether Drops Following US Airstrikes on Iran; Bitcoin Stabilizes
Ether experienced a significant decline on Sunday, reacting to the announcement of U.S. airstrikes on key Iranian nuclear installations by former President Donald Trump.
The cryptocurrency fell as much as 7.7%, reaching $2,200, which marks its lowest trading level in over a month. Bitcoin also faced pressure, briefly dropping below $101,000 before regaining its footing.
Trump confirmed that U.S. bombers targeted facilities at Fordow, Natanz, and Isfahan, citing national security concerns regarding Iran’s uranium enrichment activities.
The market had been on edge throughout the week amid rising speculation over a possible military strike.
Analyst Cosmo Jiang from Pantera Capital suggested that the confirmation of the airstrikes may represent a local bottom for cryptocurrency valuations.
“Bitcoin tends to lead the market out of a bounce during geopolitical uncertainty,” Jiang conveyed in remarks to Bloomberg.
The post detailing ARK’s exit from Circle shares amid a 250% rally originally appeared in Finance Newso.
