Ark Invest sold off its Circle shares at a high level on Monday, cashing out $51.7 million
6 hours ago
Odaily News Cathie Wood's Ark Invest reduced its holdings of stablecoin USDC issuer Circle (CRCL) on Monday, totaling 342,658 shares, cashing out about $51.7 million. The sale occurred when CRCL's stock price hit a new high, closing at $151.06, nearly five times the IPO price of $31. Circle has recently been sought after by investors due to the growth of USDC and the benefits of the GENIUS Act. (The Block)
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