Cathie Wood, ARK Invest, is selling more Coinbase after the stock closed at $105.55, just below its one-year peak of $107.

The fund’s trade disclosure shows it sold 248,838 COINs, valued at just over 26 million dollars based on the closing price of Monday.

ARK is selling its COIN holdings as the stock has continued to perform well. It announced on July 14 that it had sold 488,000 COIN shares between three funds for $50.5 million, based upon the closing price of the day. It sold $12 million the week before as the stock rose.

Wood said recently on Bloomberg Daybreak Asia , “We’re positive about Coinbase. Especially in light of the recent court ruling for Ripple versus the SEC.” “We are simply reallocating capital to laggards and taking the profits.”

Wood said recently that Ark has written down its share in Twitter by 47% ever since Elon Musk bought it last year.

James Rubin is the editor.