Ark Invest Purchases $6.4M of Block Shares

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ARK Invest has acquired a total of 92,165 shares of Jack Dorsey Block for an estimated $6.4 million, according to the organization’s trading documents.

The Ark Innovation ETF (ARKK) has bought 77,991 of the shares, the ARK Next Generation Internet ETF (ARKW) has acquired 13,170, and the Ark Fintech Innovation ETF (ARKF) has added 1,004.

After close of trading on March 13, Block shares decreased by 2.18%, closing at $69.46. This followed the announcement of Block’s initiative to create a universal and environmentally friendly open source system for cryptocurrency mining.

In February, ARK Invest purchased Coinbase shares for approximately $9.3 million and $6.7 million. They then added $3.44 million worth of the American crypto exchange’s securities and $9.97 million worth of Robinhood online broker’s shares to their portfolios in early March.

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