ARK Invest continues to sell Circle shares
ARK Invest sells $109 million in Circle shares as profit-taking accelerates
Cathie Wood’s ARK Invest continued to offload Circle (CRCL) shares aggressively, selling 415,844 shares worth approximately $109.6 million on June 23.
This latest sale follows a string of consecutive sell-offs, marking a sharp reduction in ARK’s exposure to the crypto payment firm’s stock, reports Cryptopolitan.
As of June 20, Circle remained ARK’s third-largest holding in its flagship ARKK ETF, valued at over $500 million. Circle’s stock price has surged nearly 250% since its debut on June 5, when ARK bought in at $31 per share, prompting the fund to capitalize on profits as the stock briefly approached $300 before settling at $263.45.
Weekly Profit-Taking Accelerates as ARK Trims Exposure
ARK Invest’s sales over the past week represent nearly 29% of its original 4.49 million CRCL shares purchased during Circle’s public offering. Throughout the week, ARK executed multiple sales across its ARKK, ARKW, and ARKF ETFs, totaling 1.25 million shares sold and approximately $243 million in realized gains. On June 20 alone, ARK divested over 609,000 shares across all three funds. These moves indicate a clear strategy to lock in profits quickly while Circle’s stock remains elevated, reflecting ARK’s increasingly cautious approach to high-flying crypto-linked equities amid recent market volatility.
Strategic Shifts Signal Broader Crypto Portfolio Adjustments
Beyond Circle, ARK Invest has also trimmed positions in other crypto-related companies such as Coinbase (COIN) and Robinhood (HOOD) over the same period, signaling a broader recalibration of its crypto exposure. The fund’s selling spree comes despite Circle’s robust performance and growing market cap of $63.89 billion, which now surpasses the total circulating supply of USDC stablecoins. ARK’s pattern of rapid accumulation followed by swift profit-taking highlights its tactical, momentum-driven investment style and may reflect its view that Circle’s explosive early gains could face near-term consolidation.
Recently we wrote that 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.
