Circle dump: Cathie Wood’s Ark sells another $45M as shares tumble
In the past two days, ARK has offloaded a total of 642,766 Circle shares, accounting for 14% of its 4.49 million CRCL purchase made during the company’s public launch.
ARK Invest, the cryptocurrency-friendly investment firm founded by Bitcoin bull Cathie Wood, continued selling shares of USDC stablecoin issuer Circle, offloading nearly $100 million in two days.
ARK dumped another 300,108 Circle shares from its three funds for $44.7 million on Tuesday, according to a trade notification seen by Cointelegraph.
The sale came amid Circle stock tumbling 1.3% on the day, with shares closing at $149 after peaking above $165 on Monday, according to TradingView data.
