Cathie Wood’s Ark Invest Buys $37 Million in Bitcoin and Payments Firm Block
Summary
Ark Invest bought $37.4 million of Block shares on Monday, adding 456,059 shares across three ETFs: ARK Innovation, ARK Next Generation Internet, and ARK Fintech Innovation. The purchase came after Block’s strong second-quarter results, including $3.17 billion in gross profit, 25% year-over-year growth, and a higher 2026 gross-profit forecast of $12.51 billion. Block also reported $447 million in operating income and said AI helped write and review nearly all production code changes in June. Block, founded by Jack Dorsey and best known for Square and Cash App, fell 3.23% to $80.20 that day. Ark also bought $3.36 million of Circle Internet Group shares and sold holdings in several other tech names.
