Cathie Wood's investment firm ARK Invest has once again purchased shares of Jack Dorsey's financial services company Block (stock code: XYZ) after a prolonged period of selling.
According to trading notification documents obtained by Cointelegraph, ARK bought 262,463 shares of Block (stock code: XYZ) on Monday, amounting to $19.2 million based on a closing price of $73.
This acquisition comes as Block's stock has recently performed strongly, with TradingView data showing an 8% increase in the past 30 days.
After a long period of selling, ARK's purchase of Block follows the company's sale of 279,047 shares of XYZ last week, totaling approximately $22 million.
The latest purchase of Block shares by ARK involves three of its funds: ARK Innovation ETF (ARKK), ARK Next Generation Internet ETF (ARKW), and ARK Fintech Innovation ETF (ARKF).
As the largest fund by assets under management, ARKK sold 152,980 shares of Block on Monday and currently holds about 1.34 million shares of XYZ, valued at $97.7 million.
As of Tuesday, ARKK and ARKF together hold an additional 1.3 million shares of XYZ, bringing ARK Invest's total holdings in Block to 2.6 million shares, worth $193 million.
ARK Invest's latest purchase of Block marks the first in several months, indicating that the company's investment strategy may be adjusting.
In July 2025, ARK sold a total of 551,834 shares of Block, now valued at $40.3 million, according to ARK trading data tracked by Cointelegraph.
There were no purchases of Block in 2025 or 2024, with the last known acquisition occurring in 2023.
ARK's latest investment in Block came shortly after Block reported a second-quarter profit of $2.54 billion last week, reflecting a 14% year-over-year increase in gross profit.
Block's mobile payment service Cash App is the main growth driver, with gross profit for the quarter reaching $1.5 billion and Bitcoin (BTC) account numbers hitting 8 million.
Despite Block's strong financial performance, its stock price fell nearly 7% following the second-quarter report. Although there has been a significant recovery since May, TradingView data shows that Block's stock is down 21% from January's price levels.
After another strong quarter, Block reportedly plans to launch a comprehensive suite of Bitcoin banking tools designed for small and medium-sized enterprises, with the first integrations scheduled for the end of 2025.
Cointelegraph reached out to Block for comments on the news but did not receive a response by the time of publication.
Related: Paxos Restarts U.S. Bank License Application as Stablecoin Regulatory Framework Takes Shape
Original article: “ARK Invest Spends $19.2 Million to Acquire Jack Dorsey's Block, Stock Price Drops to $73”
免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。
