Ark Invest purchases Block Inc. shares worth $30.9 million

According to ChainCatcher, citing The Block, Cathie Wood's Ark Invest purchased Block Inc. shares worth $30.9 million through three exchange-traded funds on Monday, totaling 385,585 shares. Among them, ARKK purchased 210,916 shares of Block, 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 crypto asset ecosystem, including Square point-of-sale hardware and software, Cash App mobile wallet, Bitkey bitcoin hardware wallet, and the bitcoin mining system Proto.