Ark Invest Offloads Circle Shares, Reaping Significant Profits!
Jakarta, Pintu News – Ark Invest, led by Cathie Wood, is again selling Circle shares after a successful IPO. On two consecutive days, Ark Invest has offloaded millions of dollars worth of CRCL shares, taking advantage of the post-IPO price surge. These sales mark Ark Invest’s strategy of securing profits from their initial investment in the stablecoin issuer.
Check out the full info below!
Post-IPO Big Sale
Ark Invest sold $44.8 million worth of Circle shares on June 17, just a day after their first sale of $51.7 million. These sales were made through Ark’s three ETFs, namely the ARK Innovation ETF (ARKK), ARK Next Generation Internet ETF (ARKW), and ARK Fintech Innovation ETF (ARKF). From ARKK, ARKW, and ARKF, 208,654, 65,320, and 24,134 CRCL shares were sold, respectively.
The sale demonstrates Ark Invest’s strategy to lock in profits as Circle’s stock continues to rise post-IPO. Since its debut at $31 on June 5, CRCL shares have surged nearly 400%, briefly touching $165 earlier this week. Currently, the stock is trading at $149.15, down about 1.26% in the last 24 hours.
Read also: Wallet Allegedly Linked to James Wynn Massively Sells $MOONPIG Tokens!
Ark Invest’s Strategy for Securing Profits
With this latest sale, Ark Invest has reduced their CRCL shareholding to around 642,000 shares across their funds. Despite taking profits, Ark still has a significant position in Circle with around 3.9 million shares remaining, worth around $575 million at current prices.
The decision to sell CRCL shares demonstrates Ark Invest’s approach of taking profits from investments that have already delivered significant returns. It also signals their confidence in Circle’s long-term potential, despite choosing to reduce some of their current holdings.
Also read: Norway’s K33 Launches New Share Offering to Acquire 1,000 Bitcoin (BTC)!
Market Reaction and Future Outlook for Circle
Despite the massive sell-off by Ark Invest, Circle’s share price is still showing strength in the market. This suggests that other investors remain optimistic about Circle’s long-term prospects. Circle’s stability and growth as a stablecoin issuer is of interest to investors seeking exposure in more stable crypto assets. =
The market will continue to watch the next steps of Ark Invest and Circle. If Circle can continue to show growth and innovation, they could become a key player in the crypto industry, especially in the growing stablecoin segment.
Conclusion
Ark Invest’s sale of Circle shares marks a pivotal moment in crypto investment dynamics. By securing profits from the post-IPO price surge, Ark Invest showed intelligence in navigating a volatile market. Looking ahead, investors’ eyes will be on Ark Invest’s next move and how Circle will develop its position in the global market.
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*Disclaimer
This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.
Reference
- Crypto News. Cathie Woods’ Ark Invest Dumps Second Batch of Circle Shares. Accessed on June 19, 2025
- Featured Image: Cryptoslate
