Ark Invest bought $21M of Block stock as it fell about 6%, signaling a contrarian bet amid Block’s rising costs and restructuring.
Ark Invest added about $21 million of Block Inc. stock (267,676 shares) across its ARK ETFs as Block slid ~6% on rising expenses, while Ark also bought SpaceX shares; Block’s Q2 results show strong revenue but higher opex, and Ark’s stake is a meaningful portion of ARKW.
ARK Invest disclosed a $17.3M Circle stake and a $20M SpaceX stake across its ETFs after Q2 results, underscoring Circle as a top ARK holding and SpaceX as a growth exposure.
Ark Invest bought about $9.4 million of Coinbase and Circle stock across ARKK, ARKW and ARKF while rebalancing and offloading a small Solmate stake; Circle also secured a NYDFS trust charter.
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