Ark Invest Buys $30.9M Of Block Inc. Across Three ETFs, Increasing Crypto-Focused Fintech Exposure

ARK Innovation (ARKK), ARK Next Generation Internet (ARKW) and ARKF, added a combined 385,585 shares of Block. The $30.9 million purchase underscores Ark’s strategy of boosting exposure to firms tied to crypto and fintech.

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Meghna Chowdhury
Meghna Chowdhury
Meghna is a Journalism graduate with specialisation in Print Journalism. She is currently pursuing a Master's Degree in journalism and mass communication. With over 3.5 years of experience in the Web3 and cryptocurrency space, she is working as a Senior Crypto Journalist for UnoCrypto. She is dedicated to delivering quality journalism and informative insights in her field. Apart from business and finance articles, horror is her favourite genre.

Cathie Wood’s Ark Invest increased its exposure to cryptocurrency-related firms on Monday by purchasing $30.9 million worth of Block Inc. (XYZ) shares across three of its exchange-traded funds.

210,916 Block shares were purchased by the ARK Innovation ETF (ARKK), while 59,827 Block shares were purchased by the ARK Next Generation Internet ETF (ARKW). 

According to the company’s trading announcement on Monday, the ARK Fintech innovation ETF (ARKF) also bought 114,842 Block shares.

Also Read: Cathie Wood’s Ark Invest Buys $9.4M in eToro Shares on Nasdaq Debut, Sells $7.9M of Its Own Bitcoin ETF

Increased investments

Jack Dorsey co-founded Block Inc., a financial services and technology company that operates several business divisions within the ecosystem of cryptocurrency assets.  

Square, Cash App mobile wallet, Bitkey Bitcoin hard wallet, Bitcoin mining system Proto, servicing point-of-sale hardware and software are among its offerings.

Square released an integrated Bitcoin solution earlier this month that enables companies to accept, store, and exchange cryptocurrencies straight from their point-of-sale systems.  Additionally, it incorporated a Bitcoin wallet system for the system’s merchants.

Meanwhile, Ark purchased 268,833 DraftKings shares through two ETFs.  One of the biggest online sports entertainment and gambling companies in the United States is DraftKings.

Earlier investments

With a $172 million investment in Bullish shortly after the exchange’s grand debut on the New York Stock Exchange, Cathie Wood’s Ark Invest has demonstrated an aggressive commitment to the cryptocurrency space.

For its Digital Assets Revolutions Fund, Cathie Wood’s ARK Invest has formally chosen Canada-based SOL Strategies as its only supplier of staking services.

With SOL Strategies taking over the fund’s validator operations, the move marks a major milestone in ARK’s expanding focus on blockchain infrastructure.

On July 1, 2025, Ark Invest sold shares totalling $43.8 million across three of its exchange-traded funds (ETFs). As a result, Cathie Wood’s Ark Invest has reduced its exposure to Coinbase (COIN). The sale contained 124,892 Coinbase shares, according to the company’s most recent trade report.

Ark Invest’s strategy of openly growing exposure to early development possibilities in crypto-focused enterprises while keeping a long-term belief in digital assets is fulfilled by the latest Bullish purchase.

The firm is known to be one of the most successful investment enterprises in the financial world, or on Wall Street in particular. Small investors often take inspiration from Ark Invest to move their money and to make sound decisions about Investments. 

These actions demonstrate ARK’s growing faith in staking-based revenue streams and decentralised technology.

Also Read: Cathie Wood’s Ark Invest Sells Over 340,000 Circle Shares Worth $52M as CRCL Stock Hits Record High

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