- Cathie Wood’s ARK sold 609,175 Circle shares Friday, marking the third sale this week as CRCL surged nearly 250% since debut.
- ARK divested 1.25 million Circle shares this week, realizing about $243 million profit as the stock jumped 20.4% Friday.
- Despite accelerated selling, ARK maintains a top position by still holding roughly $750 million in Circle shares across its ETFs.
ARK Invest has ramped up its divestment in Circle (CRCL) stock following a sharp price surge of nearly 250% since its market entry.
ARK Offloads 609,175 CRCL Shares for $146.2 Million
On June 20, ARK Invest sold 609,175 shares of Circle within its ARK Innovation ETF (ARKK), ARK Next Generation Internet ETF (ARKW), and ARK Fintech Innovation ETF (ARKF). The sale came as Circle shares climbed 20.4% that day, closing at $240.30, compared to the $69 opening price on June 5.
ARKK led the disposal with 490,549 shares, while ARKW and ARKF sold 75,018 and 43,608 shares, respectively. This transaction marks ARK’s third Circle share sale during the week, pushing the total to 1.25 million shares. Based on closing prices, these sales generated approximately $243 million in returns for the firm.
CRCL Stock Sales Occur Amid Daily Liquidations
The firm’s recent pattern indicates an average sale of around 300,000 Circle shares daily throughout the trading week. Earlier, ARK secured $45 million from Tuesday’s sales and $52 million from Monday’s activity.
Despite the aggressive selling, ARK continues to hold a major stake in Circle. Its remaining shares are valued at $750.4 million as of June 20. Within the ARKW fund, CRCL has become the top holding, comprising 7.8% of the fund’s total weight.
These consistent liquidations show ARK’s effort to lock in profits while maintaining exposure to the stock’s upward trajectory.
ARK Maintains Strong Stake Despite Reductions
ARK had initially acquired 4.49 million Circle shares at the time of the company’s public debut. The 1.25 million shares sold this week represent about 29% of that original holding.
Even after these sales, ARK remains the eighth-largest Circle shareholder. Other major holders include IDG-Accel China Capital Fund II with 23.3 million shares, General Catalyst Group Management with 20.1 million, and James Breyer holding 16.7 million shares.
CRCL’s rise has drawn investor attention as one of the fastest-growing publicly listed crypto firms this month.
