Cathie Wood sells Circle shares after five-fold increase
Ark Invest trims Circle stake after 387% post-IPO surge
Ark Invest has partially exited its position in Circle’s stock after a meteoric 387% post-IPO rally, portfolio disclosures from June 16, 2025, show.
Cathie Wood’s firm sold 342,658 shares of Circle’s CRCL stock—worth approximately $51.7 million—across three of its actively managed ETFs: ARKK, ARKW, and ARKF, reports Crypto News.
The divestment represents about 7.6% of Ark’s original 4.5 million-share position in the stablecoin issuer. Despite the sell-off, Ark retains a sizable stake valued at $628 million, well above its $373 million cost basis.
Circle IPO delivers blockbuster returns for early backers
Circle’s stock soared to a new intraday peak of $165.60 on June 16 before settling at $151.06—its highest close to date. Since debuting at $31 on June 5, the shares have surged nearly fivefold. The explosive performance has rewarded early investors, including Ark and Sigil Fund, the latter disclosing a 4x return. With Circle’s role in the booming stablecoin market—particularly its USDC token—analysts expect continued institutional interest as digital dollars gain regulatory clarity and mainstream utility.
Ark rebalances, eyes other tech opportunities
While reducing its CRCL exposure, Ark Invest also made adjustments across its broader portfolio. On the same day, it trimmed its holdings in Meta (META) and made fresh purchases in Nvidia (NVDA) and DoorDash (DASH), signaling a broader reallocation toward artificial intelligence and logistics platforms.
The Circle sale underscores Ark’s tactical approach: capturing near-term gains while maintaining conviction in long-term growth sectors like fintech and blockchain infrastructure. As CRCL settles into public markets, Ark’s remaining position will continue to reflect a strong bet on stablecoins as part of the next-generation financial stack.
Recently we wrote that Cathie Wood’s Ark Invest has deepened its commitment to the health-tech space with a fresh purchase of 251,080 shares in Tempus AI, valued at approximately $13.9 million.
