Ark Invest purchased $30.9 million worth of Block Inc. stock

ChainCatcher news, according to The Block, Cathie Wood's Ark Invest purchased $30.9 million worth of Block Inc. stock through three exchange-traded funds on Monday, totaling 385,585 shares. Among them, ARKK purchased 210,916 shares of Block stock, ARKW purchased 59,827 shares, and ARKF purchased 114,842 shares.

Block Inc., co-founded by Jack Dorsey, is a financial services and technology company that operates multiple business segments within the cryptocurrency asset ecosystem, including Square point-of-sale hardware and software, Cash App mobile wallet, Bitkey Bitcoin hardware wallet, and the Bitcoin mining system Proto.