{"id":79937,"date":"2023-06-08T15:12:27","date_gmt":"2023-06-08T12:12:27","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=79937"},"modified":"2025-09-11T13:54:12","modified_gmt":"2025-09-11T10:54:12","slug":"ark-invest-buys-block-shares-for-more-than-15-million","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/ark-invest-buys-block-shares-for-more-than-15-million\/","title":{"rendered":"ARK Invest buys Block shares for more than $15 million"},"content":{"rendered":"<p>Three ARK Invest-managed exchange-traded funds bought additional Block securities of Jack Dorsey&#8217;s company for more than $15 million. This is evidenced by the company&#8217;s <a href=\"https:\/\/ark-funds.com\/our-etfs\/\">\u043e\u0442\u0447\u0435\u0442<\/a>.<\/p>\n<p>The structures of Katie Wood&#8217;s firm added a total of 227 365 shares.<\/p>\n<p>After the purchases, the firm&#8217;s securities balances at the funds stood at:<\/p>\n<ul class=\"wp-block-list\">\n<li>the flagship ARK Innovation ETF \u2014 $483 million;<\/li>\n<li>the ARK Next Generation ETF \u2014 $96 million;<\/li>\n<li>TF ARK Fintech Innovation \u2014 $83 million.<\/li>\n<\/ul>\n<p>According to <a href=\"https:\/\/www.investing.com\/equities\/square-inc\">Investing.com<\/a>, at the time of writing Block&#8217;s shares were trading at $66.24, up 0.39% for the day.<\/p>\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/111-55.webp\" alt=\"111-55\" class=\"wp-image-208819\"\/><figcaption>Hourly chart of SQ\/USD on the NYSE. Data: Investing.com.<\/figcaption><\/figure>\n<p>In March, ARK Invest-managed funds bought Coinbase and Block securities for a total of <a href=\"https:\/\/forklog.com\/en\/news\/ark-invest-builds-positions-in-coinbase-and-block-over-two-consecutive-days\">$12.6 million<\/a>.<\/p>\n<p>Katie Wood&#8217;s firm <a href=\"https:\/\/forklog.com\/en\/news\/ark-invests-kathy-wood-buys-coinbase-shares-for-first-time-since-june\">restarted purchases of Coinbase stock<\/a> in October 2022 after a four-month pause. She steadily expanded her positions in the stocks and only in March 2023 <a href=\"https:\/\/forklog.com\/en\/news\/ark-invest-unloads-coinbase-shares-for-13-5-million\">sold a stake worth $13.5 million<\/a>.<\/p>\n<p>At the end of April, the funds <a href=\"https:\/\/forklog.com\/en\/news\/ark-invest-adds-coinbase-shares-worth-8-6-million\">added to their holdings<\/a> Coinbase&#8217;s securities for $8.6 million. The deal occurred on the same day that <a href=\"https:\/\/forklog.com\/en\/news\/coinbase-sues-sec-to-compel-a-response-to-its-rulemaking-petition\">Coinbase filed a lawsuit<\/a> against the SEC.<\/p>\n<p>As noted in May, ARK Invest-controlled structures invested in the crypto exchange <a href=\"https:\/\/forklog.com\/en\/news\/ark-invest-puts-another-8-3-million-into-coinbase-shares\">$8.3 million<\/a> and <a href=\"https:\/\/forklog.com\/en\/news\/ark-invest-buys-coinbase-shares-for-a-second-consecutive-day\">$7.5 million<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Three ARK Invest\u2013managed ETFs bought Block shares, the company of Jack Dorsey, for a total of more than $15 million.<\/p>\n","protected":false},"author":1,"featured_media":79938,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1218,1330],"class_list":["post-79937","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-ark-invest","tag-jack-dorsey"],"aioseo_notices":[],"amp_enabled":true,"views":"8","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/79937","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=79937"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/79937\/revisions"}],"predecessor-version":[{"id":79939,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/79937\/revisions\/79939"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/79938"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=79937"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=79937"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=79937"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}