Catenaa, Thursday, October 30, 2025- Cathie Wood’s Ark Invest has purchased $30.9 million worth of Block Inc. shares across three of its exchange-traded funds, expanding its position in crypto-linked equities.
According to Ark’s Monday disclosure, the ARK Innovation ETF (ARKK) acquired 210,916 shares, the ARK Next Generation Internet ETF (ARKW) bought 59,827 shares, and the ARK Fintech Innovation ETF (ARKF) purchased 114,842 shares of Block.
Block Inc. operates within the financial technology and crypto ecosystem through its Square, Cash App, Bitkey wallet, and bitcoin mining arm Proto.
Earlier this month, Square launched a bitcoin payment system allowing businesses to accept, hold, and convert the cryptocurrency directly from their point-of-sale platforms.
Block’s shares closed 0.77% higher at $80.15 on Monday, up 37.43% over the past six months but down 7.61% year-to-date, according to The Block’s price data.
Ark also added 268,833 shares of DraftKings across two of its ETFs. DraftKings, a leading U.S. digital sports entertainment and betting platform, is preparing to launch a regulated prediction market following its acquisition of Railbird Technologies.
Polymarket is expected to act as the clearing house for the new venture. DraftKings’ shares ended the day slightly lower at $32.96, according to Google Finance.
