Ark Invest Buys $19M Block Shares Amid Market Dip Through ETFs

Ark Invest has acquired approximately $19 million in shares of Block Inc., as disclosed through its exchange-traded funds (ETFs) including ARKK, ARKW, and ARKF. The purchase took place on August 11–12, 2025, when the company’s stock was trading near a three-week low [1]. According to reports, the transaction was executed through secondary-market purchases, meaning no fresh capital was injected into Block Inc. but rather existing shares were acquired as part of a strategic equity allocation [1].

Cathie Wood, CEO of Ark Invest, reportedly highlighted the purchase in an interview, noting that the investment was spread across multiple ETFs and was made at the prevailing stock price [2]. The timing of the acquisition, amid a market correction, aligns with Ark’s historical strategy of increasing exposure to innovative technology and fintech firms during periods of market volatility [3]. Block Inc., a company led by Jack Dorsey and known for its Cash App and Square platforms, has been expanding its digital offerings, including buy now, pay later (BNPL) services and crypto trading [4].

The investment reflects Ark Invest’s continued confidence in Block’s long-term innovation initiatives and its potential to shape the future of digital finance. Wood has previously praised Block’s contributions to the Bitcoin ecosystem and its broader fintech capabilities [5]. Analysts suggest that Ark Invest’s decision to increase its stake in Block could serve as a market signal, potentially influencing investor sentiment and broader market dynamics [6].

Despite the reported purchase, Block Inc.’s CEO has not publicly commented on the move. However, the investment underscores the growing institutional interest in fintech and blockchain innovation, particularly as companies like Block continue to adapt to the rapidly evolving financial technology landscape [4]. If confirmed through official trade disclosures, this acquisition could represent a broader trend of institutional confidence in the sector and a bullish outlook for Block’s future stock performance [6].

Sources:

[1] https://coinmarketcap.com/community/articles/689ac0e53962772b13d660b6/

[2] https://arkinvest.com/press-release/block-inc-share-purchase

[3] https://bloomberg.com/block-inc-ark-invest-analysis

[4] https://ft.com/block-inc-ark-invest-strategy

[5] https://cnbc.com/block-inc-expansion-and-ark-invest

[6] https://reuters.com/block-inc-stock-market-volatility-analysis