Circle's Stock Soars: Early Investors Cash In Big

Ark Invest Dumps Part of Its Circle Holdings Amid Skyrocketing Prices

Hang onto your hats, crypto fans! Circle's stock is on fire, and early investors are raking in the dough. The latest to cash in? None other than Cathie Wood's Ark Invest!

According to the latest portfolio disclosures from June 16, 2025, Ark Invest bailed on a chunk of its Circle's CRCL shares. This move came hot on the heels of their massive $373 million buy-in earlier this month. Talk about timing!

The firm's sale perfectly synced with Circle's stock price going ballistic. CRCL hit a mind-blowing intraday high of $165.60 on Monday before cooling off to close at $151.06, its highest closing price ever. And get this: since its debut at just $31 on June 5, the stock has rocketed up a staggering 387% in less than two weeks. That's right, it nearly quintupled in value!

Here's a snapshot of Cathie Wood and Ark Invest's stock market moves today on 6/16:

Ark's sell-off was spread across three of its hottest ETFs: ARK Innovation ETF (ARKK), ARK Next Generation Internet ETF (ARKW), and the ARK Fintech Innovation ETF (ARKF). They trimmed their CRCL holdings by 196,367, 92,310, and 53,981 shares, respectively. That's some serious profit-taking!

The total value of the 342,658 shares they sold? A cool $51.7 million, which is about 7.6% of their original 4.5 million-share stake in Circle. But don't worry, Ark Invest still holds over 4.15 million shares, now worth a whopping $628 million. That's way above their initial $373 million investment. Not too shabby!

Circle's IPO has been turning heads left and right, especially after its explosive debut on the first day of trading. Another early backer, Sigil Fund, just revealed they've made a 4x return on their CRCL stake. And the buzz in the industry? There's plenty more upside to come, especially as stablecoins start to make waves in mainstream finance.

But wait, there's more! On the same day Ark Invest was selling off Circle, they also trimmed their Meta (META) holdings and snapped up new positions in stocks like Nvidia (NVDA) and DoorDash (DASH). These folks are always on the move!