ARK Invest Sells $146M in Circle Shares Amid Stock Surge
- Cathie Wood’s ARK Invest sold another 609,175 Circle shares for $146.2 million on a single day.
- Circle shares surged by nearly 250% since their public debut, closing at $240.3 on Friday.
- ARK’s sales over the past week totaled approximately $243 million from selling around 1.25 million Circle shares.
- The largest sale came from the ARK Innovation ETF with over half a million shares sold.
- Despite these sales, ARK remains the eighth-largest holder of Circle stock.
ARK Invest has been actively selling its holdings in Circle as the company’s stock price continues to rise significantly since its public debut earlier this month. This strategic move resulted in substantial gains for ARK, yet they maintain a significant position in Circle as one of its largest shareholders.
