Investment Company ARK Invest Bought Depreciated Block Inc Shares for $15 Million

cryptonews.ru2026-08-19 tarihinde yayınlandı2026-08-19 tarihinde güncellendi

Özet

ARK Invest, led by Cathie Wood, purchased $15.4 million worth of shares in Block Inc. on August 18, 2026, as the fintech company's stock price fell 3.2% to $80.20. The acquisition was made through the Ark Innovation ETF (ARKK) and Ark Blockchain & Fintech Innovation ETF (ARKF). This follows a nearly $21 million purchase the previous week, which occurred after Block reported weaker-than-expected Q2 2026 financial results, causing a more than 6% single-day drop. Despite recent corrections, Block's stock has risen nearly 50% over the past six months, leading the company to raise its full-year profit forecast by 21% to $12.51 billion. Block Inc. now constitutes 6.47% of Ark Invest's portfolio, becoming the second-largest holding in the ARKF ETF. Additionally, Ark bought 189,796 shares of Securitize for $1.02 million after its price declined 3.9% to $5.39.

Updated: 2026-08-18

ARK Invest's Cathie Wood added more shares of Block Inc. through the Ark Innovation ETF (ARKK) and Ark Blockchain & Fintech Innovation ETF (ARKF). The purchase was worth $15.4 million, as on Monday the shares of the fintech company led by Jack Dorsey fell 3.2% to $80.2, according to Tradingview data.

Last week, the company led by Cathie Wood already bought Block Inc. shares worth nearly $21 million. At that time, the firm's assets dropped more than 6% in a single day. This followed the publication of worse-than-expected financial results for the second quarter of 2026. Despite recent corrections, over the past six months the securities have risen by almost 50%. Thanks to this, the fintech company was able to raise its annual profit forecast by 21% to $12.51 billion.

The share of Block Inc. in ARK Invest's investment portfolio now stands at 6.47%. This is the second largest asset in the Ark Blockchain & Fintech Innovation ETF. In addition to Block Inc., Cathie Wood also purchased 189,796 shares of Securitize after they fell 3.9% to $5.39. The total purchase amount was $1.02 million.

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İlgili Sorular

QWhat did ARK Invest's Cathy Wood do regarding Block Inc. shares on the date mentioned in the update, and for approximately how much?

ACathy Wood, through ARK Innovation ETF (ARKK) and ARK Blockchain & Fintech Innovation ETF (ARKF), purchased additional shares of Block Inc. for approximately $15.4 million on August 18, 2026.

QWhy were Block Inc. shares considered 'cheap' at the time of ARK's purchase on that Monday?

ABlock Inc. shares were considered 'cheap' because they had fallen 3.2% to $80.2 on that Monday prior to the purchase.

QWhat event had previously caused a significant drop in Block Inc.'s stock price, leading to another large purchase by ARK Invest the week before?

AThe week before, Block Inc.'s stock price dropped more than 6% in a single day after the company published worse-than-expected Q2 2026 financial results, which led ARK to purchase nearly $21 million worth of shares.

QDespite recent drops, what is the positive performance trend for Block Inc. shares over the last six months and its impact on the company's forecast?

AOver the last six months, Block Inc. shares have risen nearly 50%. This positive performance allowed the company to raise its annual profit forecast by 21% to $12.51 billion.

QBesides Block Inc., which other company's shares did Cathy Wood purchase, and what was the value of that transaction?

ACathy Wood also purchased 189,796 shares of Securitize for a total of $1.02 million after its shares fell 3.9% to $5.39.

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