SoftBank Exits Q1 Circle Stake, Shares Slide 4-8% After Bitcoin Drop
CRCL•SoftBank reshaped its U.S.-listed holdings in Q1, selling out its position in Circle Internet alongside Uber and Lemonade. Circle shares slid about 4% to 8% on a down day as bitcoin dipped below $80,000 despite the Senate advancing its Clarity Act draft.
1. Portfolio Reshaping by SoftBank
SoftBank shifted its U.S.-listed equity holdings in the first quarter, exiting its position in Circle Internet alongside stakes in Uber and Lemonade. This marked a notable reduction in exposure to fintech and consumer technology names after a prolonged run in growth stocks.
2. Crypto Market Headwinds Impact Circle
Circle shares fell roughly 4% to 8% as bitcoin slipped below $80,000 on a broader market downturn. The decline came even after the Senate moved its Clarity Act draft through committee, highlighting sell-the-news reactions and persistent macroeconomic concerns.
