Cathie Wood's ARK sold $146 million in Circle as stocks soared.

ARK Invest led by Cathie Wood has increased its selling of Circle shares as CRCL stock has risen nearly 250% since its public debut. On Friday, ARK sold 609,175 Circle shares from three of its funds for $146.2 million, amidst a 20.4% stock increase, closing at $240.3.

In the past week, ARK has made three sales totaling 1.25 million shares of CRCL, raising about 243 million USD. ARK sells about 300,000 shares each day, with the ARKK fund selling the most.

Although the sell-off was significant, ARK remains one of the largest holders of CRCL, ranking eighth on the investor list. As of June 20, ARK holds Circle shares worth 750.4 million USD, with CRCL being the largest investment in the ARKW fund.