Ark sold over 600,000 shares of Circle stock again on June 20, earning approximately $243 million from the last three sales.

PANews June 22 news, according to Cointelegraph reports, due to CRCL stocks skyrocketing nearly 250% since going public, Cathie Wood’s ARK Invest has increased its dumping of Circle. On Friday (June 20), ARK sold 609,175 shares of Circle stock from its three funds, worth $146.2 million. This sale coincided with the company’s stock price rising 20.4% on June 20, closing at $240.3, up 248% from the opening price of $69 on June 5 at the New York Stock Exchange. The latest dumping is ARK’s third sale in the past week, totaling 1.25 million shares of CRCL stock, earning approximately $243 million based on the daily closing price. The latest Circle stock sale by ARK involves trades of three ARK funds, including the ARK Innovation ETF (ARKK), ARK Next Generation Internet ETF (ARKW), and ARK Fintech Innovation ETF (ARKF). The largest fund, ARKK, sold 490,549 shares of CRCL stock, while ARKW and ARKF sold 75,018 shares and 43,608 shares, respectively. According to previous news, Ark has once again sold 44.76 million dollars worth of Circle stocks, cashing out nearly 100 million dollars over the past two days.