Wood Cathie Ark bags 19 million dollars in Jack Dorsey blocks in blocks

Ark Invest by Cathe Wood returned to the purchase of actions of the financial services company of Jack Dorsey Block after a prolonged sale.

Ark took 262,463 actions from Dorsey’s Block (XYZ) on Monday, according to a commercial notification seen by Cintelelegraph. With the closure of shares at $ 73, the purchase was worth $ 19.2 million.

The acquisition came with a block by seeing a significant rise in trend, increasing by 8% in the last 30 days, according to TradingView.

The purchase by Ark de Block follows a long period of sale of shares, the company pouring 279,047 XYZ last week for around $ 22 million.

Ark holds $ 193 million in block

The purchase of ARK block shares included transactions from its three detention funds, including ARK Innovation ETF (ARKK), ARK Next Generation Internet ETF (ARKW) and ARK Fintech Innovation ETF (ARKF).

ARKK, the largest ARK fund by Managed Assets, bought 152,980 shares on Monday and now has around 1.34 million XYZ shares, worth $ 97.7 million.

With Arkk and Arkf collectively holding 1.3 million xyz from Tuesday, Ark Invest now has a total of 2.6 million shares in block, worth $ 193 million.

End of sequence sale?

The latest ARK Invest’s block purchase has been its first for months, reporting a potential change in the company’s investment strategy.

In July alone, Ark poured up a total of 551,834 block shares, which are now 40.3 million dollars, according to Ark’s commercial data followed by Cintelegraph.

In the absence of purchases of blocking blocks observed earlier in 2025 or 2024, the last known acquisitions of the company dated up to 2023.

Block shares are down 21% compared to the summits of January

Ark The last investment in Block came shortly after block last week announced a profit of $ 2.54 billion in the second quarter, the gross profit from one year over the other of 14%.

Block’s mobile payment service, Cash App, was a major growth engine, displaying $ 1.5 billion in gross profits for the quarter, while the number of Bitcoin accounts (BTC) has reached 8 million.

In relation: Ark Invest adds $ 20 million in binme, Coinbase Trims, Block, Robinhodhing Holdings

Despite the solid financial results of block, its price decreased by almost 7% after the publication of its report in the second quarter. Although to see a notable rebound since May, block shares are down 21% compared to the price levels observed in January, according to TradingView.

After another solid district, Block plans to launch a full suite of Bitcoins banking tools designed for small and medium -sized enterprises, with the first integrations scheduled for the end of 2025.

Cointelegraph approached block to comment on the news but did not receive an answer by publication.