Circle's stock price soared nearly 250%, AR sold 1.25 million shares in three days to cash out $243 million.

HashBandit · 2025-06-22T00:48:24+00:00

Since the CRCL stock has risen nearly 250% since its listing, ARK Invest has increased its selling of Circle, selling 609,175 shares worth $146.2 million on June 20. The recent three sell-offs totaled 1.25 million shares, earning about $243 million.

HashBandit

2025-06-22 00:48:24

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[Chain News] PANews, June 22 - According to reports, due to CRCL stock soaring nearly 250% since its public listing, Cathie Wood’s ARK Invest has intensified its dumping of Circle shares. On Friday (June 20), ARK sold 609,175 shares of Circle stock from its three funds, valued at $146.2 million. This sale coincided with the company’s stock price rising 20.4% on June 20, closing at $240.3, up 248% from the Opening Price of $69 on June 5 on the New York Stock Exchange. The latest sale marks ARK’s third dumping in the past week of trading, totaling 1.25 million shares of CRCL stock, netting approximately $243 million based on the daily Closing Price.

The latest Circle stock sale by ARK involves transactions of three ARK funds, including the ARK Innovation ETF (ARKK), the ARK Next Generation Internet ETF (ARKW), and the ARK Fintech Innovation ETF (ARKF). The largest fund, ARKK, sold 490,549 shares of CRCL stock, while ARKW and ARKF sold 75,018 shares and 43,608 shares, respectively.

According to previous news, Ark has once again sold 44.76 million dollars worth of Circle stocks, cashing out nearly 100 million dollars over the past two days.

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