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Ark Invest sells Circle shares for a profit of $51.7 million
Gate News bot message, according to TheBlock, Ark Invest managed by Cathie Wood sold 342,658 shares of Circle (CRCL) on Monday, with a total transaction amount of 51.7 million USD. When the transaction occurred, the CRCL stock price reached a historical high of 151.06 USD, nearly 5 times the IPO issuance price of 31 USD.
Circle, as the issuer of the USDC stablecoin, has recently gained investor attention mainly due to the growth of USDC business and the positive news brought by the GENIUS Act.
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