
Ark Invest Buys Block Shares Worth $6.4 Million Across Multiple Funds
Ark Invest, the investment firm headed by Cathie Wood, has invested around $6.4 million in Block shares across three of its funds. According to its latest trade filing, Ark Invest added a total of 92,165 Block shares on Monday, with 77,991 shares going to the Ark Innovation ETF, 13,170 shares to Ark Next Generation Internet, and 1,004 shares to the Ark Fintech Innovation ETF. Block’s shares closed down about 2.2% on Monday, ending the day at $69.46. Block, which was founded by Jack Dorsey, recently sought feedback from developers for its bitcoin “mining development kit.” The company believes that the