ARK Invest Doubles Down on Bitcoin with Block Share Purchase

Cathie Wood’s ARK Invest has made a significant move, acquiring 262,463 shares of Block, Inc., the company formerly known as Square. This investment follows Jack Dorsey’s renewed focus on integrating Bitcoin into Block’s products and services, including Cash App and its other platforms. ARK Invest is positioning itself to capitalize on the increasing adoption of Bitcoin within fintech, which has been a key focus for them.