Cathie Wood’s Ark Invest purchased $37.4 million in shares of Jack Dorsey-led Block Inc. on Monday, spreading 456,059 shares across three funds: ARK Innovation ($15.7 million), ARK Next Generation Internet ($7.2 million), and ARK Fintech Innovation ($14.5 million). Block reported strong second-quarter results with $3.17 billion in gross profit, up 25% year-over-year, and raised its 2026 gross profit forecast to $12.51 billion. Ark Invest also bought $3.36 million in shares of Circle, the issuer of USDC stablecoin.
Source: Read the original article
