According to the latest trading data , Ark Invest bought 456,059 shares of Block Inc for $37,4 million through the Ark Innovation ETF (ARKK), Ark Next Generation Internet ETF (ARKW), and Ark Blockchain & Fintech Innovation ETF (ARKF).
Source: X
Cathie Wood increased her stake in Block after shares of the Jack Dorsey-led fintech company suffered another decline, losing 1,85% of their value on Monday to close at $82,02.
Ark Invest regularly acquires Block assets. In June, it acquired 236,759 Block shares for nearly $17,2 million through ARKK. In July, it purchased an additional 19,029 shares through ARKW and ARKF for $1,52 million. Cathie Wood's investment strategy does not allow any single asset to account for more than 10% of the fund's portfolio to ensure diversification within the ETF.
Ark also acquired 35,192 Circle shares worth $3,26 million at Monday's closing price of $95,55. Unlike Block, the stablecoin issuer's shares surged, gaining 9,65% after falling 7,5% on Friday, August 28.
The purchase also continued the company's accumulation of Circle shares. Ark in 2026. In July, the organization acquired 220,012 shares for $13,9 million after the price of CRCL fell below $64, and distributed them among ARKK, ARKW, and ARKF, which Reported redaction Happy Coin News.
The information on this site is for informational and educational purposes only and does not constitute investment advice or financial recommendations. Cryptocurrencies and digital assets carry a high level of risk, including possible loss of capital. The editors are not responsible for decisions made based on the published materials. It is recommended to conduct your own research (DYOR) before making investment decisions. Read the editorial policy at https://happycoin.news/about/
