Key Takeaways:
- ARK Invest sold $51.7M worth of Circle shares 11 days after its IPO but still holds significant positions across three ETFs.
- Circle stock surged 118% since its NYSE debut, from $69 to over $151, making it a top holding in ARK’s portfolio.
- ARK views stablecoins like Circle’s as a continuation of the “property rights revolution” initiated by Bitcoin.
ARK Invest, led by Bitcoin advocate Cathie Wood, has begun taking profits from its investment in stablecoin issuer Circle just 11 days after the company’s public debut.
On June 16, ARK sold 342,658 Circle (CRCL) shares worth approximately $51.7 million across three funds.
Cathie Wood's Ark Invest sells $51.7 million worth of Circle shares as stock hits new high https://t.co/zdwD1gpvoA
— The Block (@TheBlock__) June 17, 2025
This marks its first CRCL sale since acquiring 4.49 million shares on June 5, the IPO date, at a total value of $373.4 million.
Despite the sale, Circle remains a top holding across ARK’s ETFs.
The ARK Innovation ETF (ARKK) holds $387.7 million in CRCL shares, making it the fund’s fifth-largest asset at 6.6% of holdings.
ARKW and ARKF hold $124 million and $72 million in CRCL respectively, each comprising 6.7% of their assets.
CRCL’s stock surged from its $69 IPO price to $151, peaking at over $164 – a 118% gain.
ARK was an early backer, initially pledging to invest up to $150 million.
ARK’s analysts framed stablecoins as part of a financial property rights revolution, complementing Bitcoin’s mission.
Wood previously projected Bitcoin could hit $1.5 million by 2030, citing institutional interest and broader adoption.
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