Cathie Wood's **Ark Invest** sold approximately $84 million worth of tech stocks on March 26, a significant portion of which was in **Meta Platforms** and Nvidia stocks.
The company also reduced its Bitcoin (BTC) exposure by about $11.2 million in its own spot ETF, decreasing its Bitcoin allocation.
According to mandatory daily trading disclosures, Ark sold 76,622 shares of Meta through three exchange-traded funds (ETFs), with a sale amount ranging from $42 million to $45.6 million.
This sale occurred after a Los Angeles jury found that Meta is responsible for contributing to youth social media addiction, causing Meta's stock price to drop nearly 8%.
Overall reduction of holdings across various tech stocks
ARK also reduced its holdings in another tech stock. The firm sold 155,441 shares of NVIDIA worth approximately $27.8 million.
This semiconductor company is facing pressure from supply chain constraints, with insiders pointing out shortages affecting not only semiconductors but also components like lasers and circuit boards.
The additional sales included 38,245 shares of AMD (Advanced Micro Devices) worth $8.4 million, 15,696 shares of TSMC (Taiwan Semiconductor Manufacturing) worth $5.1 million, and 8,648 shares of Broadcom worth $2.7 million.
**TSMC(Taiwan Semiconductor)**'s production capacity is reported to be fully booked by 2026.
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Bitcoin ETF holdings reduced to $100 million
ARK sold 495,000 shares of the ARK 21Shares Bitcoin ETF (ARKB) through two funds, with a total sale amounting to approximately $11.2 million.
The company also disposed of $6.7 million worth of shares in the cryptocurrency exchange Bullish and approximately $5 million in shares of Block, which operates Bitcoin-centered products.
Following this sale, ARK's ARKB holdings are around $100 million, making it the 35th largest position among the 96 active portfolios managed by the firm.
Wood previously predicted that Bitcoin could reach $1.2 million per coin by 2030, but this is a downward adjustment from the earlier target of $1.5 million.
As of March 27, Bitcoin is trading at approximately $66,020, roughly 48% lower than its all-time high of about $126,000 recorded in October 2025.
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