Key Takeaways:

• Circle’s stock price has risen significantly, increasing 7.5 times from its initial public offering (IPO) price of $31.
• Ark Invest purchased 4,198 shares of Coinbase, valued at $1.3 million, and 319,640 shares of Robinhood, worth $24.4 million.

Ark Invest is strategically realizing gains on its investment in Circle as the firm continues to sell shares of the company. Recently, Ark Invest sold 415,855 shares valued at $109.6 million, based on Circle’s last closing price of $263.45 on Monday. This follows an earlier sale of 609,175 shares of Circle, which had been executed across various ETFs by the investment firm.

Since Circle’s U.S. listing earlier this month, its stock has surged considerably. Ark Invest quickly acquired the shares during their rise and continues to benefit from the profits realized.

Read more: ARK Invest Dumps $146.3M More Circle Shares After Meteoric 670% IPO Surge