Global Market Tone
Ark Invest Boosts Block Holdings Amid Broader Crypto Payments Push
Cathie Wood’s Ark Invest added $30.9 million in Block Inc. (XYZ) stock across three ETFs, reflecting confidence in Jack Dorsey’s efforts to integrate bitcoin (BTC $111,280.77) into global payments.
The purchase of 385,585 shares was spread across ARKK, ARKW, and ARKF, according to Ark’s latest disclosure.
Block’s Square unit recently launched new bitcoin acceptance tools for merchants, part of its broader strategy to enhance the cryptocurrency’s real-world utility.
Block shares were unchanged in premarket trading Tuesday.
