Circle Shares Offloaded by Ark Invest as Firm Invests in Robinhood and Coinbase

Ark Invest Offloads More Circle Shares, Boosts Holdings in Robinhood and Coinbase

Cathie Wood’s Ark Invest has continued to pare down its position in Circle, locking in gains from the stablecoin issuer’s explosive post-IPO rally. The firm sold 415,855 shares of Circle across its exchange-traded funds on Monday, a stake worth roughly $109.6 million based on Circle’s closing price of $263.45.

This latest sale follows the offloading of 609,175 Circle shares last week, as Ark strategically reduces exposure after Circle’s stock surged more than 7.5x since its public market debut earlier this month at $31 per share.

While trimming its Circle position, Ark is reallocating capital into other major players in the fintech and crypto sectors. The firm purchased 4,198 shares of Coinbase, valued at about $1.3 million, and significantly expanded its position in Robinhood with the acquisition of 319,640 shares, worth approximately $24.4 million.

Circle, the company behind the USDC stablecoin—the second-largest by market cap—has seen a meteoric rise in its share price, drawing attention from institutional investors. Ark’s strategy suggests a tactical rebalancing as the firm captures profits from early gains while deepening bets on other high-conviction names in the digital finance space.