Ark Invest, a crypto-friendly investment company founded by Bitcoin bull Cathie Wood, continues to sell shares in the USDC Stablecoin issuer circle, downloading nearly $100 million in two days.
According to a trade notice from Cointelegraph, Ark dumped 300,108 Circle shares from its three funds and $30 million for $44.7 million.
The sale was conducted in the 1.3% circle of disc stocks that day, with the stock closing at $149 after reaching a peak of $165 on Monday, according to to TradingView data.
Despite positive Stablecoin news, the decline is still on the way U.S. Senate passes Genius Stabilization Act In Tuesday’s 68-30 votes.
Ark dumps 642,766 circles of stocks in two days
Ark’s latest stock sales include transactions from three Ark funds, including Ark Innovation ETF (ARKK), ARK Next Generation Internet ETF (ARKW), and ARK Fintech Innovation ETF (ARKF).
ARKK, the largest fund, sold 208,654 shares of CRCL stock, while ARKW and ARKF sold 65,320 shares and 26,134 shares respectively.
Ark has dumped a total of 642,766 Circle stocks over the past two days, about $96.5 million.
Related: Stablecoins will soon have “iPhone Moment,” Circle CEO
The amount sold is about 14% ARK’s 4.49 million CRCL purchase When it was publicly released on June 5 at Circle, it cost $373.4 million based on the closing price of the day.
Who else is selling it?
All major public circle investors, except Ark, appear to have reported no sales of CRCL stock so far. According to reports, BlackRock Plan to take 10% stake In the circle Initial Public Offer (IPO)no CRCL stock has been reported for sale.
Circle CEO Jeremy Allaire co-founded the company in 2013 and will unload about 8% of its IPO shares and sell 1.58 million shares according to To the prospectus. Co-founder and former CEO Sean Neville and CFO Jeremy Fox-Geen sold 684,083 shares and 178,991 shares, respectively, accounting for 11% of their circle holdings.
Wood, founder and CEO of ARK Invest, is known as the main Bitcoin (BTC)bull. In February 2025, she Bitcoin may reach $1.5 million by 2030 Due to the growing adoption of institutions and the increasing demand for BTC as an asset class.
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