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Cathie Wood's Ark Invest purchased $31 million worth of Block Inc. stock.
According to a report by The Block on October 28, Deep Tide TechFlow news states that Ark Invest, led by Cathie Wood, purchased $30.9 million worth of Block Inc. shares through three exchange-traded funds on Monday, totaling 385,585 shares.
Among them, ARKK purchased 210,916 shares of Block stock, ARKW purchased 59,827 shares, and ARKF purchased 114,842 shares.
Block Inc., co-founded by Jack Dorsey, is a financial services and technology company that operates multiple business units within the cryptocurrency ecosystem, including Square point-of-sale hardware and software, Cash App mobile wallet, Bitkey Bitcoin hardware wallet, and the Bitcoin mining system Proto.