Cathie Wood’s ARK Invest sold $243 million worth of Circle shares

Shares of the USDC issuer are up nearly 250% since its IPO

ARK Invest made $243 million on the sale of Circle shares in one week

23.06.2025 - 16:20

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What’s new? ARK Invest, an investment firm led by Cathie Wood, has been actively selling shares of CRCL fintech company Circle, which issues the second-largest USDC dollar-pegged stablecoin with a capitalization of $61,3 billion, as the securities have surged in value since its IPO in early June.

Material by Cointelegraph

What else is known? Late last week, ARK sold another 609 175 shares of Circle from its three investment funds for $146,2 million.

The sale came on the back of CRCL rising 20,4% on Friday, June 20 and closing at $240,3, 248% above its opening price of $69 on the New York Stock Exchange (NYSE) on June 5.

USDC issuer saw its share price rise 168% on the day of its IPO

The company offered 34 million shares and raised $1,1 billion

The latest sell-off was the third for ARK in the last trading week, with total sales totaling 1,25 million shares of CRCL. That brought in about $243 million for Cathie Wood’s company.

ARK last sold shares of CRCL from three funds including ARK Innovation ETF (ARKK), ARK Next Generation internet ETF (ARKW), and ARK Fintech Innovation ETF (ARKF).

The largest fund ARKK sold 490 549 CRCL while ARKW and ARKF sold 75 018 and 43 608 shares respectively.

The company sold $52 million worth of CRCL on Monday, June 16, and the next day raised another $45 million on the sale.

In just one week, ARK sold 29% of the 4,49 million shares of CRCL it bought on the day of the IPO.

Despite the massive sale, ARK remains the eighth-largest holder of CRCL, according to data compiled by Bloomberg Terminal.

The largest holder of CRCL is Beijing-based IDG-Accel China Capital Fund II with 23,3 million shares, followed by General Catalyst Group Management, and James Breyer with 20,1 million and 16,7 million shares, respectively.

As of June 20, ARK continues to hold $750,4 million worth of CRCL, with CRCL becoming the largest asset in the ARKW fund with a 7,8% stake.

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