Cathie Wood Sells $2.57 Million in Crypto Concept Stocks, Shifts Focus to Netflix and Biotech Bets

BlockBeats News, April 18th, Cathie Wood, the founder of ARK Invest, adjusted her holdings yesterday, selling a total of approximately $2.57 million worth of cryptocurrency-related stocks, while increasing her position in the traditional technology and biotechnology sectors. Specifically, the reductions on that day were as follows:

· Circle Internet Group: 11,465 shares, approximately $1.21 million
· Bullish: 31,417 shares, approximately $1.36 million

Among them, Circle is currently facing collective lawsuits pressure due to its failure to freeze related assets in the Drift Protocol attack incident; Bullish, on the other hand, saw its stock price rise by about 5% as the market warmed up with the easing of the situation in the Middle East.

At the same time, Wood instead increased her holdings in:

Netflix: 26,161 shares, approximately $2.54 million
Alamar Biosciences: 537,463 shares, approximately $11.96 million

It is worth noting that although Netflix announced first-quarter revenue of $12.25 billion and profit of $5.28 billion, its stock price fell by nearly 10% on that day due to performance slightly exceeding expectations; Alamar, on the other hand, surged by about 33% on its Nasdaq debut, with a market value of $1.53 billion.