ARK Invest has reduced its stake in Circle shares by selling securities worth over $109 million, as part of a broader strategy to lock in profits amid significant increases in the company’s value.
This is reported by Finway
Significant sales after NYSE listing
The investment firm ARK Invest, led by Cathie Wood, continues to decrease its stake in Circle (CRCL), selling 415,844 shares for $109.6 million. This transaction marks the fourth since Circle’s listing on the New York Stock Exchange on June 16, 2025, just 11 days after the company’s market debut.
The latest sale was executed through three ARK funds: ARKK, ARKW, and ARKF. The largest portion—over 306,000 shares—was sold by the ARK Innovation ETF. Following this transaction, ARK Invest still holds 2.6 million shares of Circle, valued at approximately $69.9 million.
“Thus, ARK has already sold 37% of its previously acquired stake of 4.5 million shares. In total, the company has disposed of securities worth around $350 million, capitalizing on the rise in quotes following Circle’s market entry.”
Dynamics of Circle shares and market capitalization
At its peak, CRCL shares reached $299, bringing Circle’s market capitalization close to $64 billion. This figure nearly matched the market capitalization of the company’s main product—the USDC stablecoin, which is currently valued at $61.7 billion.
However, on June 24, Circle shares underwent a correction, and in pre-market trading, their quotes fell to $251. The company’s market capitalization at that moment stands at $52.85 billion.
Analysts believe this decline is temporary, predicting further increases in the value of the shares. They argue this is due to high demand for public fintech companies related to digital assets. Meanwhile, ARK Invest continues to rebalance its portfolio, locking in profits after Circle’s rapid market debut.
Previously, BitMEX co-founder Arthur Hayes described Circle’s IPO as the beginning of a “stablecoin mania” in the market.