You Won’t Believe How Fast Cathie Wood Ditched $238M in Circle Shares 🚀💸

by

ARK Invest—yes, that Cathie Wood’s ARK, the patron saint of tech stocks and eyebrow-raising bets—just hit CTRL+ALT+DELETE on nearly a quarter-billion dollars’ worth of Circle (CRCL) shares. Because apparently, the only thing hotter than crypto is ARK’s FOMO.

According to Cathiesark.com (for people who track Cathie Wood like she’s the Easter Bunny of Wall Street), ARK yeeted $238.2 million of CRCL between June 16th and June 20th. That’s not even a week’s worth of office drama.

Let’s get into the heist: On June 20th—right as CRCL’s price exploded by more than 20% in one day—ARK decided, “You know what? Enough rollercoaster for us.” They sold $111.6 million in Circle shares. Either ARK has a sixth sense for drama, or their sell button is sponsored by Red Bull. 🥤

If you missed Circle’s “leap onto the NYSE stage,” here’s the fast recap: Second-biggest dollar stablecoin wrangler, first-rate late arriver. Four years after announcing its IPO dreams, CRCL finally debuted June 5th, broke out from $69 to $103 (nice), then plopped back to $83. But that whiplash didn’t give investors carpal tunnel—because CRCL then went full rocket ship and hit an all-time high of $248 last week. Thank the US Senate’s spicy new stablecoin bill—bipartisan for once, because nothing brings people together like blockchain and regulatory anxiety.

Hidden in that bureaucratic love note: stablecoin kings with $50B or more must now show their assets, update everyone with monthly reserve gossip, and do a yearly audit—so yes, CRCL, time to show your receipts!

As of Friday’s close, CRCL is sitting pretty at $240.28. If stocks had Instagram, this would be the glow-up reel.

Follow us on X, Facebook, and Telegram for your daily dose of FOMO, market whiplash, and stock market memes you definitely didn’t ask for.
Turn on alerts so you never miss Cathie Wood making Wall Street do jazz hands.
Check Price Action. Or don’t. I’m not your mom.
Ride The Daily Hodl Mix, because even financial news deserves a little drama.

Read More

2025-06-24 00:21