Despite the massive sale, ARK remains the eighth largest Circle holder.
Cathie Wood’s ARK Invest has increased its Circle selling spree as CRCL stock surged nearly 250% since its public debut.
ARK dumped another 609,175 Circle shares from its three funds for $146.2 million on Friday, according to a trade notification seen by Cointelegraph.
The sale came amid a 20.4% jump in the company’s shares on Friday, closing at $240.3, or 248% above the opening price of $69 on the New York Stock Exchange on June 5.
Read more
If you liked the article, do not forget to share it with your friends. Follow us on Google News too, click on the star and choose us from your favorites.
If you want to read more News articles, you can visit our General category.
