Ark Invest Cashes Out Big on Circle's Skyrocketing Stock!

Cathie Wood's Firm Dumps More CRCL Shares Amid Post-IPO Frenzy

Holy crypto, Batman! Cathie Wood's Ark Invest is riding the Circle wave like a pro surfer, selling off another massive chunk of its CRCL shares as the stock goes bonkers post-IPO!

Check this out: on June 17, these investment wizards unloaded a cool $44.8 million worth of CRCL stock. And get this, it's just one day after their first-ever sale of the shares, where they dumped a whopping $51.7 million worth. Talk about cashing in!

They spread the love across three of their ETFs: ARK Innovation ETF, ARK Next Generation Internet ETF, and ARK Fintech Innovation ETF. We're talking 208,654, 65,320, and 24,134 CRCL shares sold from each fund, respectively. That's a lot of zeros, people!

Here's what moves Cathie Wood and Ark Invest made in the stock market today 6/17

Back-to-back sales? You bet! It looks like Ark is locking in those sweet, sweet profits as Circle's stock continues its wild post-IPO ride. Since hitting the scene at $31 on June 5, CRCL has shot up nearly 400%, even touching $165 earlier this week. Insane!

Right now, the stock's chilling at $149.15, down about 1.26% in the last 24 hours. But hold onto your hats, because pre-market data shows it's bouncing back to $154.23, up 3.41%. This rollercoaster ain't slowing down!

When you combine this sale with the previous day's 342,658 shares, Ark has trimmed a total of around 642,000 CRCL shares across its funds. But don't worry, they're still in the game with a hefty position.

Ark Invest originally scooped up 4.5 million CRCL shares and still holds about 3.9 million, worth around $575 million at today's prices. That's a lot of crypto cash, folks!