ARK Invest has offloaded another large batch of Circle shares following a sharp rally in the company’s stock price, bringing its total offloading from Circle to over $243 million in less than a week.
According to portfolio disclosures dated 20 June, Cathie Wood’s investment firm sold 609,175 CRCL shares across three of its funds—ARK Innovation ETF (ARKK), ARK Next Generation Internet ETF (ARKW), and ARK Fintech Innovation ETF (ARKF).
This latest move comes after a 20.4% spike in Circle’s stock price on the same day.
Based on market value, the divestment was worth approximately $146.2 million, marking ARK’s largest single-day exit from the stablecoin issuer since its shares went public.
The breakdown includes 490,549 shares from ARKK, 75,018 from ARKW, and 43,608 from ARKF.
Here’s every move Cathie Wood and Ark Invest made in their main $ARKK ETF yesterday 6/20
Here are the rest of the moves Cathie Wood and Ark Invest made in the stock market yesterday 6/20
ARK’s timing aligns with Circle stock rallies
This is not the first time ARK has timed its sales with upward movements in CRCL’s stock.
Earlier in the week, the firm had sold $52 million worth of shares on 16 June and another $45 million on 17 June, both following price upticks.
These transactions appear to be part of a broader strategy of profit-taking during CRCL’s volatile ascent in the public markets.
Since its listing at $31 per share, CRCL has skyrocketed more than 400%, now trading near $240.
Circle remains a top holding for ARK Invest
Despite the significant sales, ARK Invest continues to be a major Circle shareholder.
The firm initially acquired 4.5 million shares shortly after the company went public and still retains more than 3.2 million shares.
At current prices, ARK’s remaining stake is worth about $779 million, placing it as the eighth-largest holder of CRCL stock.
Circle now features prominently in ARK’s portfolio alongside other core positions, including Tesla (TSLA) and Robinhood (HOOD).
This latest sale, while substantial, appears to be part of an ongoing portfolio rebalancing rather than a full exit.
IDG-Accel China leads Circle’s shareholder base
Circle’s shareholder registry is still topped by the Beijing-based IDG-Accel China Capital Fund II, which holds 23.3 million shares, making it the company’s largest shareholder by a wide margin.
Compared to ARK’s holdings, IDG-Accel has maintained a long-term strategy, with no recent publicised sell-offs.
The massive gains in CRCL stock have led to increasing scrutiny over investor behaviour, especially as more institutional players take profits in the wake of rallies.
Yet the stock remains volatile and continues to draw speculative interest, with ARK’s trades serving as a bellwether for sentiment shifts among large-cap fund managers.
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