Ark Invest Buys $21 Million of Block Shares, Adds to SpaceX Stake
JOON HYOUNG LEE
Summary
- Ark Invest disclosed that it bought 267,676 shares of Block for about $21 million.
- Ark Invest also said it bought an additional 20,318 shares of SpaceX on the same day for about $2.3 million.
- Block has held Bitcoin (BTC) since 2020 and currently owns a total of 9,117 Bitcoin.
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Ark Invest, the investment firm led by Cathie Wood, bought a large block of shares in payments company Block.
Odaily reported on August 7 that Ark disclosed it purchased 267,676 Block shares for about $21 million on August 6. The firm also bought an additional 20,318 shares of SpaceX the same day for about $2.3 million.
Block is the payments company led by Twitter co-founder Jack Dorsey. It has held Bitcoin since 2020 and now owns a total of 9,117 Bitcoin.
JOON HYOUNG LEE
gilson@bloomingbit.ioCrypto Journalist based in Seoul