When Cathie Wood Plays the Market: A Comedy of Shares! 😂💰
Ah, Cathie Wood’s Ark Invest, the daring adventurer of the financial seas, continues to cash in on its early wager with the stablecoin sorcerer, Circle. With a flourish, they’ve offloaded yet another hefty portion of their CRCL shares, all while the stock dances in a post-IPO jubilee. 🎉
According to the sacred scrolls of portfolio disclosures dated June 17, our intrepid investment management firm has sold an additional $44.8 million worth of CRCL stock. This grand spectacle unfolds just a day after their inaugural sale, where they waved goodbye to approximately $51.7 million worth of shares. Talk about a fire sale! 🔥
As with the previous act, this latest round of sales was artfully distributed across three of Ark’s ETFs: the ARK Innovation ETF (ARKK), the ARK Next Generation Internet ETF (ARKW), and the ARK Fintech Innovation ETF (ARKF). The breakdown reads like a shopping list from a very selective market: 208,654, 65,320, and 24,134 CRCL shares sold from each fund, respectively. Who knew math could be so thrilling? 📊
Here’s what moves Cathie Wood and Ark Invest made in the stock market today 6/17
— Ark Invest Daily (@ArkkDaily) June 18, 2025
These back-to-back sales suggest that Ark is not just playing the game; they’re locking in profits as Circle’s stock continues its meteoric rise. Since its debut at a humble $31 on June 5, CRCL has soared nearly 400%, briefly flirting with the $165 mark earlier this week. Talk about a glow-up! 🌟
As of the latest gossip, the stock is trading at $149.15, down roughly 1.26% in the past 24 hours, according to the oracle known as TradingView. But wait! Pre-market data shows a slight rebound to $154.23, up 3.41%. It’s like watching a soap opera unfold! 📈
When you add the previous day’s sale of 342,658 shares, Ark has now trimmed a total of roughly 642,000 CRCL shares across its funds. Despite this profit-taking spree, the firm’s remaining position is still a treasure trove. 🏴☠️
Ark Invest had previously purchased 4.5 million of the CRCL shares and still clutches around 3.9 million, worth approximately $575 million at current prices. Who knew investing could be this dramatic? 🎭
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2025-06-18 14:24