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ARK Invest Makes Bold $34M Bet on Circle’s USDC While Exiting Tesla and SoFi Positions

ARK Invest Makes Bold $34M Bet on Circle’s USDC While Exiting Tesla and SoFi Positions

Author:

Global Cryptocurrency

Published:

2025-11-13 06:30:29

20

2

USDC News -

Cathie Wood's ARK Invest executed significant portfolio adjustments on November 12, selling $30.98 million in Tesla shares and $1.36 million in SoFi Technologies. These moves continue a recent trend of reducing positions in both stocks, likely capitalizing on SoFi's 100%+ year-to-date gains.

The most notable transaction was a $34 million purchase of Circle Internet Financial (CRCL), the leading issuer of USDC stablecoin. This bullish move aligns with Circle's strong Q3 performance and increasing institutional adoption of stablecoins. ARK acquired 353,328 CRCL shares, demonstrating confidence in dollar-pegged crypto assets during market volatility.

By:

Ark Invest Seizes Opportunity with $30 Million Circle Share Purchase Amid Stock Dip

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