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Updated Jun 24, 2025, 5:01 a.m. Published Jun 24, 2025, 4:50 a.m.
- Circle has jumped 7.5 times from its IPO price of $31.
- Ark also bought 4,198 shares of Coinbase, worth $1.3 million and 319,640 shares of Robinhood, worth $24.4 million.
Ark Invest is continuing to take profit from its bet on Circle’s meteoric run as a listed firm. It also bought 4,198 shares of Coinbase, worth $1.3 million and 319,640 shares of Robinhood, worth $24.4 million.
The Cathie Wood-led investment firm sold 415,855 shares of Circle across its various ETFS, valued at $109.6 million based on the stablecoin operator’s last close of $263.45 on Monday.
STORY CONTINUES BELOW
Last week, the investment company sold 609,175 shares of Circle. It had earlier sold Circle shares in two more tranches.
Circle, which operates the second largest stablecoin USDC, was listed in the U.S. earlier this month. Since then, Circle has jumped 7.5 times from its IPO price of $31.Ark quickly scooped up shares of Circle and has been reaping in the profits since then.
Read more: ARK Invest Dumps $146.3M More Circle Shares After Meteoric 670% IPO Surge
Parikshit Mishra is CoinDesk’s Head of Asia, managing the editorial team in the region. Before joining CoinDesk, he was the EMEA Editor at Acuris (Mergermarket), where he dealt with copies related to private equity and the startup ecosystem. He has also worked as an Senior Analyst for CRISIL, covering the European markets and global economies. His most notable tenure was with Reuters, where he worked as a correspondent and an editor for various teams. He does not have any crypto holdings.
