Ark Liquidates All Circle Shares, Achieving a Profit of 387% in Two Weeks
Ark Invest Completely Liquidates Circle Holdings, Achieving a 387% Return
Ark Invest, through its three funds, completely liquidated its Circle holdings on June 16, selling a total of 342,658 shares. Based on the closing price of $151 on June 16, they realized $51.74 million. If we consider the IPO cost of $31, they made a profit of $41.11 million in less than two weeks, with an astonishing return on investment of 387%.
Here’s what moves Cathie Wood and Ark Invest made in the stock market today 6/16pic.twitter.com/nZjrl7hCgW
— Ark Invest Daily (@ArkkDaily) June 17, 2025
Details of Ark’s Liquidation of Circle Holdings
Ark Invest sold its Circle shares through the following three funds:
- ARKK: Sold 196,367 shares
- ARKW: Sold 92,310 shares
- ARKF: Sold 53,981 shares
Based on the closing price of $151 on June 16, they realized $51.74 million. If we consider the IPO cost of $31, they made a profit of $41.11 million in less than two weeks, with a return on investment of 387%. Upon checking their website for the details of their holdings, it is evident that these three funds no longer hold any shares of Circle, indicating a complete liquidation.
Circle’s Stock Surge and P/E Ratio
The U.S. stablecoin giant Circle officially went public on June 5, with an issue price of $31 per share. After opening at $69.5, the stock price surged and closed at $151.06 on June 16, injecting a strong dose of cryptocurrency excitement into the U.S. IPO market.
However, IPOs are typically open only to professional investors, while retail investors can only buy shares directly on the secondary market on the day of listing. On that day, Circle’s shares opened at $69.5, meaning that even if investors bought at market price at the opening, their cost was at least above $69.5, leading to a current return of 118%. If Ark purchased at the IPO price of $31, their return on investment would be even higher at 387%. Previous analyses by blockchain news have indicated that Circle’s P/E ratio has reached as high as 218.
Risk Warning
Investing in cryptocurrencies carries a high level of risk, and prices can be highly volatile. You may lose all of your principal. Please carefully assess the risks.
