Cathie Wood’s ARK Sells $146M In Circle Shares After Price Surge

Yigit Taha OZTURK — Sun, 22 Jun 2025 12:00:10 +0000

While the financial world remains focused on tech stocks, a surprising move by one of the most watched investment firms has stirred the markets. As Circle’s value skyrockets, the decision to sell raises questions among investors.

Strategic Dump: ARK Offloads Circle Shares Worth $146 Million

Cathie Wood’s ARK Invest has significantly reduced its position in Circle (CRCL) after its impressive market debut. On Friday, ARK sold 609,175 shares, generating $146.2 million, just as CRCL stock jumped 20.4% to close at $240.3, up 248% from its $69 IPO price on the New York Stock Exchange.

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In total, ARK sold 1.25 million shares throughout the week, collecting around $243 million. These included $52 million in sales on Monday and $45 million on Tuesday, signaling a deliberate reduction of exposure.

ARK Still One of Circle’s Largest Shareholders

Despite the sales, ARK Invest retains a significant stake, having only sold 29% of its initial 4.49 million shareholding from the IPO. As of June 20, the firm remains the eighth-largest holder of Circle shares, according to Bloomberg Terminal.

The largest holders are currently IDG-Accel China Capital Fund II, General Catalyst, and James Breyer. Meanwhile, CRCL has become the top holding within ARK’s ARKW fund, representing a 7.8% allocation.

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The post Cathie Wood’s ARK Sells $146M In Circle Shares After Price Surge appeared first on Coin Engineer.

Circle Begins Public Trading on NYSE with $1.05B IPO

Yigit Taha OZTURK — Thu, 05 Jun 2025 14:30:35 +0000

In a historic step for digital finance, Circle, the company behind the USDC stablecoin, has officially launched public trading on the New York Stock Exchange (NYSE) under the ticker CRCL.

CRCL Shares Debut on Wall Street

On June 5, Circle CEO Jeremy Allaire announced the company’s stock listing on X, marking a major milestone in a journey that began 12 years ago. Founded with the goal of reimagining global finance for the internet age, Circle’s public debut is seen as a bridge between decentralized assets and traditional capital markets.

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Circle upsized its initial public offering multiple times to meet high investor demand, finally selling 34 million shares at $31 each. The IPO raised $1.05 billion, surpassing the original plan of 24 million shares priced between $24 and $26.

A Milestone Moment for Crypto Industry

The IPO is not just a financial achievement for Circle but a symbol of how stablecoins and blockchain companies are becoming part of mainstream finance. Notable industry figures like Michael Saylor and Paul Grewal publicly congratulated the team.

“This isn’t just a personal milestone,” Allaire said. “It’s a meaningful step toward fusing the global economic system with the internet.”

As more crypto-native firms move toward public markets, the industry gains credibility and regulatory clarity. Circle‘s NYSE listing could drive greater trust in USDC and open new pathways for stablecoin innovation.