Cathie Wood’s Ark Invest Sells $110 Million in Circle Shares Amid Stock Surge

Cathie Wood’s Ark Invest has continued its significant sell-off of Circle shares, offloading another major portion of its stake in the stablecoin issuer's stock. On Monday, June 23, 2025, the firm sold approximately $110 million worth of CRCL shares, marking its fourth large-scale dump in less than a week. This sale follows a $146.2 million sell-off the previous day.

The sale was spread across three different funds: the ARK Innovation ETF (ARKK) sold 306,921 units, the ARK Next Generation Internet ETF (ARKW) offloaded 72,302 units, and the ARK Fintech Innovation ETF (ARKF) sold the remaining 36,621 units. Despite these sell-offs, Ark Invest remains one of the largest stakeholders in Circle, holding approximately 2.8 million shares after selling around 1.6 million shares in total.

This streak of sales coincides with CRCL's continued surge in value. Trading at $263.45 at the time of writing, the stock has risen significantly since its debut at $31 just weeks ago and briefly spiked near $300 during intraday trading on Monday. Ark Invest's decision to sell suggests that the firm is capitalizing on its early investment gains in Circle.

Following the latest sale, Ark Invest reallocated capital into other positions, increasing its holdings in Coinbase and Robinhood. The firm purchased 4,198 COIN shares worth $1.3 million and 319,640 HOOD shares valued at $24.4 million, among others. This move indicates a strategic pivot by Ark Invest, aiming to diversify its portfolio and capitalize on opportunities in different sectors.

The sale of Circle shares and the purchase of other stocks demonstrate Ark Invest's proactive approach to investment management. The firm continually reassesses its portfolios to adapt to changing market conditions, focusing on identifying and capitalizing on emerging opportunities. This strategy aligns with Ark Invest's reputation for innovative and forward-thinking investment decisions.