5 hours ago
The steadfast had earlier sold Circle shares successful 3 tranches.
Updated Jun 24, 2025, 5:01 a.m. Published Jun 24, 2025, 4:50 a.m.
Ark Invest is continuing to instrumentality nett from its stake connected Circle's meteoric tally arsenic a listed firm. It besides bought 4,198 shares of Coinbase, worthy $1.3 cardinal and 319,640 shares of Robinhood, worthy $24.4 million.
The Cathie Wood-led concern steadfast sold 415,855 shares of Circle crossed its assorted ETFS, valued astatine $109.6 cardinal based connected the stablecoin operator's past adjacent of $263.45 connected Monday.
Last week, the concern institution sold 609,175 shares of Circle. It had earlier sold Circle shares successful 2 much tranches.
Circle, which operates the 2nd largest stablecoin USDC, was listed successful the U.S. earlier this month. Since then, Circle has jumped 7.5 times from its IPO terms of $31.Ark rapidly scooped up shares of Circle and has been reaping successful the profits since then.
Read more: ARK Invest Dumps $146.3M More Circle Shares After Meteoric 670% IPO Surge
Parikshit Mishra
Parikshit Mishra is CoinDesk's Head of Asia, managing the editorial squad successful the region. Before joining CoinDesk, helium was the EMEA Editor astatine Acuris (Mergermarket), wherever helium dealt with copies related to backstage equity and the startup ecosystem. He has besides worked arsenic an Senior Analyst for CRISIL, covering the European markets and planetary economies. His astir notable tenure was with Reuters, wherever helium worked arsenic a analogous and an exertion for assorted teams. He does not person immoderate crypto holdings.
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