Cathie Wood’s Ark Invest Sells $51.7 Million in Circle Stock After 387% Surge

Cathie Wood’s Ark Invest recently sold off a significant portion of its Circle stock, totaling approximately $51.7 million, following a remarkable surge in the company's share price. This move comes after Circle's stock price nearly quintupled in less than two weeks, reaching an intraday high of $165.60 before closing at $151.06 on June 16, 2025. The stock's debut at $31 on June 5, 2025, marked the beginning of a meteoric rise, with the stock climbing roughly 387% in just over two weeks.

The sale was executed across three of Ark Invest's actively managed ETFs: the ARK Innovation ETF (ARKK), the ARK Next Generation Internet ETF (ARKW), and the ARK Fintech Innovation ETF (ARKF). These ETFs collectively sold 342,658 shares, with ARKK selling 196,367 shares, ARKW selling 92,310 shares, and ARKF selling 53,981 shares. Despite this reduction, Ark Invest still holds over 4.15 million shares of Circle, valued at approximately $628 million, significantly higher than its original investment of $373 million.

Circle's IPO has garnered substantial industry attention, particularly due to its explosive debut on the first day of trading. The company's success has been further highlighted by another early backer, Sigil Fund, which recently disclosed a 4x return on its CRCL stake. Industry optimism for further upside remains strong, especially as stablecoins gain traction in mainstream finance.

In addition to the Circle stock sales, Ark Invest made other notable trades on the same day. These included reductions in its Meta holdings and new purchases in stocks such as Nvidia and DoorDash. These moves reflect Ark Invest's dynamic approach to portfolio management, continually adjusting its holdings to capitalize on market opportunities and mitigate risks.