Cathie Wood’s ARK Invest ETFs (exchange-traded funds) have extended their selling streak in Brera Holdings (SLMT), a Solana-linked crypto firm that still runs some sports ventures. On Wednesday, October 8, 2025, ARK’s flagship ARK Innovation ETF (ARKK) sold 65,810 shares of the company, valued at roughly $1.24 million, marking another day of steady trimming.
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This move follows two earlier sales in the week, with 54,400 shares sold on Monday and 17,828 shares sold on Tuesday. In total, ARK has sold more than 138,000 shares of Brera this week, pointing to a more cautious stance on the stock.
Is Brera Holdings a Good Stock to Invest In?
Brera Holdings, now rebranded as Solmate, has shifted from a multi-club sports ownership group to a Solana ($SOL-USD)-based digital asset and crypto infrastructure company. The company changed its ticker from “BREA” to “SLMT” on October 3.
Wood first invested $49 million in Brera’s private placement during its transition phase and added another $162 million in late September, underscoring her early confidence in the firm’s new direction.
Since the rebrand, SLMT stock has gained more than 175% in three months, driven by investor enthusiasm over its pivot to blockchain and crypto infrastructure. ARK’s recent selling, however, suggests that Wood may now be locking in profits after the sharp rally.
This Week’s Other Trades
This week, beyond Brera, ARK’s funds made several key moves across biotech, defense, and tech stocks. The ARK Genomic Revolution ETF (ARKG) sold 180,169 shares of Adaptive Biotechnologies (ADPT) worth about $2.59 million, showing caution as biotech valuations stay weak. At the same time, ARK added 254,642 shares of ATAI Life Sciences (ATAI) for roughly $1.33 million, keeping some exposure to the fast-growing mental health space.
In defense and technology, ARK sold 57,816 shares of Kratos Defense & Security Solutions (KTOS) valued at $5.56 million, while buying 19,493 shares of L3Harris Technologies (LHX) for about $5.8 million. ARK also added 17,500 shares of Alibaba Group (BABA) worth $3.31 million, showing renewed interest in leading Chinese tech names.
Overall, Cathie Wood’s trades this week suggest a more selective approach, cutting smaller, volatile holdings like Brera while keeping focused bets in biotech, defense, and major tech firms.
Here’s how all of the above stocks perform on TipRanks’ Stock Comparison Tool:
