Cathie Wood experiences financial gains following an unprecedented 850% increase.
In a surprising move, Cathie Wood's ARK Invest has been offloading shares in Circle Inc., a leading stablecoin issuer, despite the company's impressive market performance. Over the course of one week in mid to late June 2025, ARK sold approximately 1.25 million shares worth about $243 million, followed by an additional $110 million sale across multiple ARK funds, totaling nearly 2 million shares sold in June alone [1][3][5].
This strategic move comes as Circle's stock price soared nearly 250% after its NYSE debut in early June, reaching highs near $299 by late June [1][3]. The surge has propelled Circle Internet Group to a market capitalization estimated between approximately $60 billion and $64 billion, placing it as a top fintech player [3]. This valuation positions Circle close to, but still slightly below, the market value of its flagship USDC stablecoin, estimated around $61.7 billion [3].
The stock's rally continued on Monday, with the Circle stock closing with a 9.6% gain at $263.45, and an additional 2.7% rise in after-hours trading [4]. The prices and gains mentioned are from data provided by Yahoo Finance. On Monday morning, the Circle stock hit a new record high of just under $299, marking a 25% gain in one trading day [4].
Despite the sale of Circle shares, ARK's move seems to indicate a rebalancing of its fintech portfolio rather than a withdrawal from the sector entirely. In parallel with selling Circle shares, ARK has been buying into other fintech stocks such as Robinhood and AMD [2]. This suggests that Cathie Wood's decision to sell Circle shares is likely strategic profit-taking amid the stock's rapid appreciation rather than a bearish outlook on the company's fundamentals or the fintech sector's potential.
Circle's impressive growth and market position reflect its importance in the stablecoin sector. With a market capitalization of almost equal to that of its stablecoin USDC, Circle has become a significant player in the fintech industry, rivaling companies like Robinhood ($68 billion market capitalization), Nubank ($59 billion), and Block (formerly Square, $38 billion) [3].
Sources: [1] Yahoo Finance, Circle Inc. (CRCL) Stock Price, Accessed June 2025 [2] The Wall Street Journal, Cathie Wood's ARK Invest Buys Into Robinhood, AMD, Sells Circle Shares, June 2025 [3] Bloomberg, Circle Inc. Market Capitalization Hits $60 Billion, June 2025 [4] MarketWatch, Circle Stock Continues Rally, Closes at $263.45, June 2025
Despite the substantial profits made from Circle Inc.'s shares, ARK Invest, led by Cathie Wood, chose to reallocate its finances, selling nearly 2 million shares in June 2025. This strategic move, however, suggests a rebalancing of ARK's fintech portfolio rather than a withdrawal from the sector, as evidenced by subsequent investments in stocks like Robinhood and AMD.
