Ark Invest dumps $51M in Circle shares amid 400% rally and valuation concerns

Ark Invest, the investment management firm led by Cathie Wood, has sold off over $50 million of its holdings in Circle Internet Group (CRCL), the issuer of the USDC stablecoin. On June 16, Ark dump...

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Ark Invest dumps $51M in Circle shares amid 400% rally and valuation concerns

Source: CryptoSlate

Ark Invest, the investment management firm led by Cathie Wood, has sold off over $50 million of its holdings in Circle Internet Group (CRCL), the issuer of the USDC stablecoin. On June 16, Ark dumped 342,658 CRCL shares valued at approximately $51.7 million, based on the day’s closing price of $151.06, according to Yahoo Finance […]

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