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Cathie Wood's Ark Invest Makes Significant Trades in Block and Shopify Amid Bitcoin's All-Time High Push
ByAinvest
Tuesday, Aug 12, 2025 11:03 pm ET1min read
Cathie Wood-led Ark Invest has invested $19.2 million in Block Inc. (NYSE:XYZ) through multiple ETFs, while selling 69,973 shares of Shopify Inc. (NASDAQ:SHOP) worth approximately $10.3 million. This move comes after Block's recent earnings report and Shopify's strong sales and global momentum. Ark has been reducing its exposure to Shopify in recent weeks.
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