Cathie Wood's ARK Invest Cashes in Big on Circle's Skyrocketing Stock!

ARK Dumps Over 600K Shares as CRCL Soars 20% in a Single Day

Cathie Wood's ARK Invest is riding the wave of Circle's insane post-IPO performance, raking in massive profits as the stock keeps shooting for the moon.

ARK just made another huge move, dumping a whopping 609,175 Circle shares from three of its funds, according to the latest portfolio disclosures from June 20. This crew isn't messing around!

The sales, totaling a cool $146.2 million, were spread across ARK's Innovation ETF, Next Generation Internet ETF, and Fintech Innovation ETF. They offloaded 490,549, 75,018, and 43,608 CRCL shares respectively. Cha-ching!

ARK's timing is spot on, as always. They sold after Circle's stock price blasted off 20.4% in a single day. Combined with their previous sales on June 16 and 17, worth $52 million and $45 million, ARK has now locked in a staggering $243 million in profits from selling Circle shares. These folks know how to play the market!

Even after these massive dumps, Cathie Wood's firm remains one of the biggest players in the Circle game. ARK got in early with a 4.5 million share purchase right after the stock launched and still holds over 3.2 million shares. They're not letting go of this rocket ship just yet!

ARK may be big, but they've got some serious competition. The Beijing-based IDG-Accel China Capital Fund II is currently the top dog, holding a mind-blowing 23.3 million Circle shares. Since launch, CRCL has gone absolutely ballistic, soaring over 400% from its initial $31 listing price to trade around $240 now. Insane!

At current prices, ARK Invest sits pretty as the eighth-largest CRCL holder, with their position valued at a jaw-dropping $779 million. Circle is now one of the crown jewels in ARK's portfolio, right up there with heavyweights like Tesla and Robinhood. Cathie Wood and her crew are on fire!