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ARK Invest Cashes Out: Dumps $146.3M in Circle Shares After Stunning 670% IPO Pop
ARK Invest Cashes Out: Dumps $146.3M in Circle Shares After Stunning 670% IPO Pop
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ARK Invest just made a power move—liquidating $146.3M worth of Circle stock post-IPO. The catch? Shares had already skyrocketed 670%. Profit-taking or loss of faith? Wall Street shrugs—it’s what they do best.
The Exit Strategy
Cathie Wood’s fund didn’t wait for the confetti to settle. With Circle’s public debut burning white-hot, ARK slashed its position. Timing the top? Or just another hedge fund playing hot potato?
The Aftermath
Circle’s IPO was a moonshot, but now the real test begins. Can stablecoin hype outlast the lock-up period? Or will this turn into another 'buy the rumor, sell the news' circus? Spoiler: The house always wins.
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