You Won’t Believe What Cathie Wood Just Did With Circle Shares 🚀🤯

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In the grand tradition of improbably-timed financial maneuvers, ARK Invest—helmed by the indomitably optimistic Cathie Wood (known financier, and occasional time traveller from the future where Bitcoin supplants all world currencies)—has decided that 11 days is more than enough nostalgia for their initial public affair with Circle. As if guided by an ancient prophecy, or possibly just impatience, ARK triggered the “profit eject” button soon after Circle flung its shares onto the shiny New York Stock Exchange carousel.

On a perfectly normal Monday (as if Mondays are ever normal in finance), ARK jettisoned 342,658 Circle (CRCL) shares with the careful grace of a pub patron yeeting a beer mat, netting a gentle $51.7 million for their trouble. Hats off to ARK’s relentless quest to experience new and exciting ways to spell “profit”.

The trade notification, revealed by an entity named CryptoMoon (presumably a tabloid for digital coins with lunar aspirations), confirms this is the inaugural ARK Circle share dump since the company’s public debut on June 5. Circle’s party hadn’t even finished ordering its first round of champagne—and ARK was already heading for the exits, receipts in hand.

ARK originally wandered onto the Circle dance floor with a bag containing roughly 4.49 million shares, elegantly acquired at mere mortal prices totalling $373.4 million. There’s something wonderfully human about buying low, selling some slightly less low, and then bragging to everyone at the bar. 🍸

Circle: Still Twirling in ARK’s Portfolio Ballroom 💃

Despite the early scattering of Circle party favors, ARK still clings to Circle across its triad of funds—ARK Innovation ETF (ARKK), ARK Next Generation Internet ETF (ARKW), and ARK Fintech Innovation ETF (ARKF). Circle, apparently, is the wallflower that’s just too intriguing to ignore.

ARKK is the cool aunt with $5.6 billion in assets, sneakily hoarding $387.7 million worth of CRCL—an impressive 6.6% of its personal treasure chest, which incidentally is also how much pineapple exists in a questionable Hawaiian pizza. 🍍

Trailing behind with the plucky optimism of a younger sibling, ARKW juggles $124 million in CRCL (6.7% of assets) while keeping a slightly stronger grip on Coinbase. ARKF brings up the rear, holding $72 million in CRCL, which is 6.7% of its collection and roughly equivalent to the number of browser tabs you leave open each Monday.

Circle Shares: The Incredible Expanding Doughnut 🍩📈

ARK wasn’t just a wallflower at the IPO buffet—it was one of the early birds, practically camping outside with a folding chair, mumbling about “up to $150 million in Circle shares.” Then the IPO offering kept scaling up in the face of wild, almost cartoonish demand, and ARK gleefully loaded up their virtual trolley.

In a display of price acrobatics worthy of a cryptocurrency Cirque du Soleil, Circle shares started trading at $69 (nice), soared dramatically above $164 by June 16, and closed yesterday showing a plump 118% gain—a kind of financial caloric index that would terrify most doctors and personal trainers.

On June 9, ARK’s lab-coat-wearing research minions observed that Circle’s wild debut proved stablecoins were no longer just for shadowy tech types and runaway hackers. Applying the legendary Hernando de Soto’s framework, they opined—

“Bitcoin made financial property rights possible with smartphones. Stablecoins are advancing the cause with a less volatile asset and more utility across blockchains and financial platforms.”

All of this, naturally, comes as Cathie Wood continues her campaign to get “Bitcoin to $1.5 million by 2030”. What next? Bitcoin on Mars? A digital coin for dogs? Don’t laugh—this is ARK we’re talking about.

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Cathie Wood’s ARK Does the Unthinkable! 😱

Cathie Wood’s ARK Dumps First Circle Shares Batch for $52M

ARK Invest, that cryptocurrency-friendly outfit run by none other than Cathie Wood, a person known for, shall we say, *optimism* regarding Bitcoin, has decided to, quite abruptly, take some profits. Yes, profits! From Circle, no less – the stablecoin people. One might almost suspect they know something we don’t, but probably it’s just a Tuesday. 🤷

On Monday, in a move described by financial analysts as either “shrewd” or “panic-inducing,” depending on their caffeine levels, ARK decided to jettison a whopping 342,658 Circle (CRCL) shares. That’s $51.7 million, folks, enough to buy a small planet (if planets were priced in dollars, which, sadly, they aren’t). This information, naturally, was leaked to CryptoMoon, presumably via carrier pigeon. 🕊️

This sale marks the first great escape—sorry, divestment—of ARK’s CRCL shares since Circle dared to venture into the terrifying world of public trading on the New York Stock Exchange (NYSE) on June 5. One can only imagine the board meetings: “Sell! Sell like our lives depend on it!” Or, you know, maybe they just needed the cash for a new coffee machine. ☕

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2025-06-17 11:39