ARK Invest Cashes In on Circle Rally as Stock Soars Past $60B Valuation

ARK Invest has continued to capitalize on the dramatic rise of Circle’s stock, unloading a sizable portion of its holdings just weeks after the stablecoin issuer’s public debut.

On June 23, Cathie Wood’s investment firm sold roughly $110 million worth of Circle shares, bringing its total divestment to $350 million over four trading days.

The latest sale involved three of ARK’s flagship ETFs—ARK Innovation, ARK Next Generation Internet, and ARK Fintech Innovation—shedding a combined 415,844 shares. The move comes amid a blistering rally that has sent Circle’s stock price up nearly 750% since its IPO.

Circle’s valuation has now eclipsed $63 billion, with enterprise value briefly topping $70 billion during Monday trading. The surge has catapulted Circle ahead of major fintech players like Nubank and Block, and even momentarily pushed it beyond Coinbase in market capitalization, according to analysts.

READ MORE:

Another Company Joins the Bitcoin Treasury Trend with $384M Funding Plan

Despite concerns over the company’s lofty multiples—trading at over 30x revenue and nearly 300x earnings—some market watchers argue the firm’s core product, USDC, has established a dominant position in global stablecoin infrastructure, supporting long-term bullish sentiment.

With institutional interest in stablecoins accelerating, investors are now watching whether Circle can maintain its current pace—and potentially cement its lead over other crypto-native public companies.

Alexander Stefanov

With over 8 years of experience in the cryptocurrency and blockchain industry, Alexander is a seasoned content creator and market analyst dedicated to making digital assets more accessible and understandable. He specializes in breaking down complex crypto trends, analyzing market movements, and producing insightful content aimed at educating both newcomers and seasoned investors. Alexander has built a reputation for delivering timely and accurate analysis, while keeping a close eye on regulatory developments, emerging technologies, and macroeconomic trends that shape the future of digital finance. His work is rooted in a passion for innovation and a firm belief that widespread education is key to accelerating global crypto adoption.