After Reducing Circle Stake, Ark Invest Picks Up Robinhood and Coinbase Shares

Ark Invest Sells More Circle Shares, Increases Stakes in Robinhood and Coinbase

Ark Invest is continuing to offload shares of Circle as the stablecoin issuer’s stock remains on a remarkable run following its public debut. On Monday, the investment firm led by Cathie Wood sold 415,855 shares of Circle across its ETFs, a sale worth approximately $109.6 million, based on the closing price of $263.45.

The latest divestment follows a previous sale of 609,175 shares last week and marks Ark’s fourth major exit from Circle holdings in recent weeks. The firm appears to be locking in profits after Circle’s share price surged more than 7.5 times its IPO level of $31 earlier this month.

Circle, the company behind the USDC stablecoin—the second-largest stablecoin by market capitalization—has seen investor enthusiasm soar since its public listing, drawing institutional attention and sparking strong upward momentum in its stock.

While trimming Circle, Ark is reallocating capital into other key players in the digital finance space. The firm added 4,198 shares of Coinbase, valued at roughly $1.3 million, and made a far larger bet on Robinhood, purchasing 319,640 shares worth about $24.4 million.

These moves highlight Ark’s dynamic approach to portfolio management—taking profits from outperforming positions like Circle while deepening exposure to companies seen as foundational to crypto and fintech infrastructure.