Ark Invest purchased $37M in Bitcoin and Block stock, plus $3.4M in Circle, signaling institutional confidence in payments and crypto infrastructure.
Macro & Markets ·
Ark Invest purchased 456,059 shares of Block worth approximately $37.4 million on Monday, distributed across its ARKK, ARKW, and ARKF funds following the payments company's second-quarter earnings report that showed 25% year-over-year gross profit growth. The investment firm also bought roughly $3.4 million in Circle shares during the same trading session, signaling institutional positioning in payments and cryptocurrency infrastructure.