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Cathie Wood’s Ark Invest Bets $37M on Block as Crypto-Focused Portfolio Gets a Boost

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TL;DR Ark Invest bought 456,059 Block shares worth about $37.4 million, spreading the position across ARKK, ARKW, and ARKF. The purchase came after Block lifted its 2026 gross-profit outlook to $12.51 billion, reinforcing Ark’s interest in…

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Cathie Wood’s Ark Invest Bets $37M on Block as Crypto-Focused Portfolio Gets a Boost
Crypto Economy 1h ago

Cathie Wood’s Ark Invest Bets $37M on Block as Crypto-Focused Portfolio Gets a Boost

TL;DR Ark Invest bought 456,059 Block shares worth about $37.4 million, spreading the position across ARKK, ARKW, and ARKF. The purchase came after Block lifted its 2026 gross-profit outlook to $12.51 billion, reinforcing Ark’s interest in…