Circle International (CRCL) Stock Surges 20% as Ark Invest Offloads $110 Million Stake

Circle's CRCL stock defied market expectations with a 20% surge to $300, even as Cathie Wood's Ark Invest liquidated over $110 million worth of shares. The USDC stablecoin issuer has become Wall Street's latest phenomenon since its debut three weeks ago, boasting 900% gains from its IPO price.

VanEck has emerged as Circle's largest institutional holder, with a 13% position in its MVDAPP index. Meanwhile, Ark Invest continues profit-taking while reallocating capital into Coinbase and Robinhood shares, maintaining a residual 3.8 million CRCL stake.

The company's $54 billion market capitalization now eclipses the value of its own USDC stablecoin, signaling extraordinary market confidence in Circle's growth trajectory. This divergence between operational asset and equity valuation presents a fascinating case study in crypto-native valuations.