Cathie Wood's Ark Invest sold approximately $84 million in technology holdings on March 26, with Meta Platforms and Nvidia accounting for the bulk of the transactions.
The firm also reduced its exposure to Bitcoin (BTC) by offloading $11.2 million worth of shares in its own spot ETF.
Ark liquidated 76,622 Meta shares across three exchange-traded funds for between $42 million and $45.6 million, according to mandatory daily trade disclosures.
The sale came as Meta's stock dropped nearly 8% after a Los Angeles jury found the company liable for contributing to youth social media addiction.
Tech Holdings Pared Across Multiple Names
Ark offloaded 155,441 Nvidia shares valued at approximately $27.8 million.
The chipmaker has faced pressure from supply chain constraints, with insiders flagging shortages extending beyond semiconductors to components including lasers and circuit boards.
Additional sales included 38,245 Advanced Micro Devices shares ($8.4 million), 15,696 Taiwan Semiconductor Manufacturing shares ($5.1 million), and 8,648 Broadcom shares ($2.7 million).
Taiwan Semiconductor's production capacity remains fully booked through 2026.
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Bitcoin ETF Position Reduced to $100M
Ark sold 495,000 shares of its ARK 21Shares Bitcoin ETF (ARKB) worth about $11.2 million across two funds.
The firm also divested $6.7 million in crypto exchange Bullish and approximately $5 million in Block, which operates Bitcoin-focused products.
Following the sales, Ark holds approximately $100 million in ARKB, making it the 35th largest position among the firm's 96 actively managed holdings.
Wood has previously forecasted Bitcoin reaching $1.2 million per coin by 2030, though she reduced that target from an earlier $1.5 million projection.
Bitcoin traded around $66,020 on March 27, down approximately 48% from its October 2025 all-time high near $126,000.
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