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ARK Invest sells Circle shares worth $146.2 million - despite a price increase of almost 250% since the stock market debut
ARK Invest sells $146.2 million worth of Circle (CRCL) shares Cathie Woods ARK Invest sold $146.2 million worth of Circle (CRCL) shares on Friday. This came despite an impressive rise in the share price, which has risen nearly 250% since its debut on June 5th. Circle, the company behind the popular stablecoin USD Coin (USDC), has attracted a lot of attention in recent months. The rapid rise in the stock price could indicate the growing interest in cryptocurrencies and digital financial technologies. The sale of shares by ARK Invest raises questions about the future development of Circle...
ARK Invest sells Circle shares worth $146.2 million - despite a price increase of almost 250% since the stock market debut
ARK Invest sells $146.2 million worth of Circle (CRCL) stock
Cathie Wood's ARK Invest sold $146.2 million worth of Circle (CRCL) stock on Friday. This came despite an impressive rise in the share price, which has risen nearly 250% since its debut on June 5th.
Circle, the company behind the popular stablecoin USD Coin (USDC), has attracted a lot of attention in recent months. The rapid rise in the stock price could indicate the growing interest in cryptocurrencies and digital financial technologies.
The sale of shares by ARK Invest raises questions about the future development of Circle and the cryptocurrency market. Investors and analysts closely monitor developments to derive possible trends and strategies.
By deciding to sell part of the shares, ARK Invest could be pursuing a strategy to realize profits or rebalance the portfolio.
Market dynamics and reactions to such sales are of great interest to investors, especially in a market as volatile as that of cryptocurrencies.
Overall, it remains to be seen how Circle and the digital currency market will develop in the coming months.