Cathie Wood aggressively rebalanced her portfolio, selling nearly 855,000 shares of GitLab stock worth $8.5 million, while also trimming positions in Iridium, Ibotta, and Exact Sciences to invest more in her own Bitcoin ETF. ARK Invest is focused on crypto, with two Bitcoin ETFs offering streamlined ways to own Bitcoin. Wood predicts Bitcoin could reach $1.2-$1.5 million by 2030. GitLab’s stock has struggled, down over 27% year to date despite strong financial performance. Despite solid revenue growth and margins, GitLab faced stock drops due to valuation concerns and leadership changes.

Read more at Yahoo Finance: Cathie Wood dumps $8.46 million in software giant