Ark Invest Reduces Circle Holdings by $51.7 Million as Stock Hits Record High of $151

According to ChainCatcher, citing The Block, Cathie Wood’s Ark Invest reduced its holdings by 342,658 shares of Circle through three of its ETFs on Monday, with a total value of $51.7 million. On the same day, Circle’s share price rose by 13.1%, closing at a record high of $151.06, nearly five times its IPO price of $31.