Circle President Sold $31M in CRCL Shares as Stock Plunged
Published
Circle President defended CRCL’s long-term outlook despite selling nearly $31 million in shares as the stock fell from $260 to $62. Credit: CCN.
Key Takeaways
- Circle President Heath Tarbert defended the company’s long-term outlook after CRCL plunged from around $260 to $62.
- At the same time, SEC filings show Tarbert sold approximately $30.77 million of CRCL shares across 10 transactions since June 2025.
- This comes after Mizuho downgraded Circle to Underperform and cut its price target from $85 to $50 amid concerns about margin compression.
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Giuseppe Ciccomascolo began his career as an investigative journalist in Italy, where he contributed to both local and national newspapers, focusing on various financial sectors.
Upon relocating to London, he worked as an analyst for Fitch’s CapitalStructure and later as a Senior Reporter for Alliance News. In 2017, Giuseppe transitioned to covering cryptocurrency-related news, producing documentaries and articles on Bitcoin and other emerging digital currencies. He also played a pivotal role in establishing the academy for a cryptocurrency exchange website. Crypto remained his primary area of interest throughout his tenure as a writer for ThirdFloor.
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