The investment firm ARK Invest, led by Cathie Wood, continues to reduce its stake in Circle (CRCL), selling 415,844 shares for $109.6 million. This transaction marks the fourth since June 16, 2025, just 11 days after Circle’s initial public offering on the New York Stock Exchange (NYSE).
This is reported by Business • Media
ARK Invest’s Strategy Regarding Circle Shares
The shares were sold through three ARK funds: ARKK, ARKW, and ARKF. The largest volume of sales was executed by the ARK Innovation ETF, which sold over 306,000 securities, yet the fund still holds approximately 1.7 million shares of CRCL. After this transaction, ARK’s portfolio retains 2.6 million shares, with an estimated value of $69.9 million.
Overall, ARK Invest has already disposed of 37% of its initial package of 4.5 million shares. The total revenue from all share sales has exceeded $350 million, made possible by the rise in Circle’s stock price following the company’s market debut.
Growth and Correction of CRCL Shares
At its peak, the price of CRCL shares reached $299, leading to a company valuation of $64 billion. This nearly corresponds to the turnover volume of Circle’s primary product—the USDC stablecoin, which currently has a market value of $61.7 billion.
However, on June 24, CRCL shares experienced a correction and traded at $251 in pre-market, reducing the company’s valuation to $52.85 billion.
Analysts believe this decline is temporary, and the shares may return to growth soon. They associate positive prospects with increased demand for public fintech companies, especially those operating in the digital assets space.
“ARK, judging by its actions, is taking profits amid CRCL’s strong market debut while continuing to redistribute funds within its portfolios.”
Recall that BitMEX co-founder Arthur Hayes previously referred to Circle’s IPO as the beginning of a stablecoin mania.