In a most delightful turn of events, the stock of Circle has experienced a most remarkable ascent, prompting its early investors to secure their fortunes, among whom is the illustrious Cathie Wood and her esteemed Ark Invest. One cannot help but marvel at the audacity of such financial maneuvers! 💰
As revealed in the portfolio disclosures dated June 16, 2025, it appears that Ark Invest has judiciously offloaded a portion of its holdings in Circle’s CRCL shares, following a rather extravagant purchase of $373 million earlier this very month. One might wonder if they were feeling particularly generous or simply wished to indulge in a bit of profit-taking. 😏
The timing of this sale was nothing short of serendipitous, coinciding with a dramatic surge in Circle’s stock price. On Monday, CRCL reached an impressive intraday high of $165.60 before settling down to a close of $151.06, marking its highest closing price to date. Since its debut at a modest $31 on June 5, the stock has ascended by approximately 387%, nearly quintupling in less than a fortnight. One could say it has been a rather thrilling ride! 🎢
Here’s what moves Cathie Wood and Ark Invest made in the stock market today 6/16
— Ark Invest Daily (@ArkkDaily) June 17, 2025
Ark’s sell-off was artfully distributed across three of its actively managed ETFs, namely the ARK Innovation ETF (ARKK), ARK Next Generation Internet ETF (ARKW), and the ARK Fintech Innovation ETF (ARKF), resulting in the sale of 196,367, 92,310, and 53,981 CRCL shares, respectively. One might say they were quite busy indeed! 📈
The total value of the cumulative 342,658 shares sold amounts to a staggering $51.7 million, which represents a mere 7.6% of Ark’s initial 4.5 million-share position in Circle. Despite this trimming of holdings, Ark Invest retains a robust 4.15 million shares of Circle, now valued at approximately $628 million, far exceeding its original investment of $373 million. A rather impressive feat, wouldn’t you agree? 🤑
Circle’s IPO continues to capture the attention of the industry, particularly following its explosive debut on the first day of trading. Another early supporter, Sigil Fund, has recently disclosed a fourfold return on its CRCL stake, and the optimism for further gains is palpable, especially as stablecoins gain traction in the realm of mainstream finance. How thrilling! 🎉
In addition to the Circle CRCL sales, Ark Invest engaged in other trades on the same day, including reductions in its Meta (META) holdings and new acquisitions in stocks such as Nvidia (NVDA) and DoorDash (DASH). One must wonder what other surprises the market has in store! 🤔
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2025-06-17 10:34