Ark Invest Sells $110M Circle Shares After 800% IPO Rally

Cathie Wood's Ark Invest has strategically sold approximately 1.7 million shares of Circle (CRCL), totaling around $109.6 million in a recent transaction and about $333 million over several sessions, capitalizing on the stock's extraordinary surge since its IPO. Circle's shares have rallied impressively, rising from an initial $31 to over $263, driven by its central role in the growing stablecoin and tokenized finance ecosystem and boosted by recent regulatory developments like the GENIUS Act. Despite the profit-taking, Ark Invest maintains a bullish outlook on crypto, reinvesting gains into other digital asset platforms such as Robinhood and Coinbase, indicating sustained confidence in the sector. Analysts remain optimistic about Circle's long-term growth potential, with some rating the stock as a leading crypto player poised to outperform fintech peers. Ark's sales represent a rebalancing move after early gains rather than a retreat from crypto, underscoring a strategic approach to managing exposure amid ongoing market enthusiasm. This activity reflects broader investor interest and confidence in stablecoin infrastructure amid evolving regulatory landscapes under President Trump's administration.