ARK Invest has continuously sold Circle stocks, with CRCL rising by 248% since its listing.

TokenomicsTrapper · 2025-06-22T00:50:24+00:00

ARK Invest increased its selling pressure after Circle's stock rose nearly 250%, selling 609,175 shares on June 20 for a profit of approximately $243 million. This is the company's third sale within a week, totaling 1.25 million shares.

TokenomicsTrapper

2025-06-22 00:50:24

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[BitPush] Due to the CRCL stock soaring nearly 250% since its public listing, Cathie Wood’s ARK Invest has increased its selling pressure on Circle. On Friday (June 20), ARK sold 609,175 shares of Circle stock from its three funds, worth $146.2 million. This sale comes as the company’s stock price rose 20.4% on June 20, closing at $240.3, up 248% from the opening price of $69 on June 5 at the New York Stock Exchange. The latest sale marks ARK’s third sell-off in the past week, totaling 1.25 million shares of CRCL stock, resulting in a net profit of approximately $243 million based on the daily closing price.

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