Cathie Wood’s Ark Invest buys $31 million worth of Block Inc. shares
The Block
Ark Invest purchased $30.9 million in Block Inc. shares across three ETFs on Monday, increasing its crypto-related stock exposure.Summary
Cathie Wood's Ark Invest acquired $30.9 million worth of Block Inc. (formerly Square) shares on Monday through its ARK Innovation ETF (ARKK), ARK Next Generation Internet ETF (ARKW), and ARK Fintech Innovation ETF (ARKF). Block Inc., co-founded by Jack Dorsey, is a financial technology firm involved in the crypto ecosystem through products like Cash App and its recent integration of fee-free bitcoin payments for merchants. On the day of the purchase, Block's stock closed up 0.77% at $80.15. The article also notes that Ark bought a significant number of DraftKings shares, which recently acquired Railbird Technologies to support its planned prediction market launch.
(Source：The Block)