Strategic Play: ARK Invest Sells $352M in Circle Shares, Rebuys the Dip!
#ARKInvestSells352MCircleShares
Cathie Wood’s ARK Invest made headlines again with bold moves around Circle Internet Group (NYSE: CRCL).
April 17, 2026: ARK sold 11,465 Circle shares (~$1.21M) as legal pressure mounted over Circle’s handling of the Drift Protocol hack. The lawsuit claims Circle failed to freeze $230M in stolen $USDC , sparking investor caution.
May 11, 2026: Just weeks later, ARK reversed course, buying 41,904 Circle shares (~$5.5M) across three ETFs after Circle’s Q1 earnings sent the stock up 16% in one day. Circle reported $694M revenue (+20% YoY) and surging $USDC transaction volume (+263% YoY).
This “sell under pressure, rebuy on strength” strategy shows ARK’s conviction in Circle despite short‑term legal risks. With USDC circulation up 28% to $77B, Circle remains central to the stablecoin ecosystem.
👉 What do you think — is ARK’s dip‑buying a smart long‑term bet on stablecoins, or risky given ongoing lawsuits?
