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Ark Invest Buys $21M Block Shares, Expands SpaceX Stake

Guavy AI Editorial Team
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Ark Invest, led by Cathie Wood, has made two significant investments in Block and SpaceX. According to a disclosure, Ark bought 267,676 shares of Block for approximately $21 million on August 6. This move adds to the firm's existing stake in SpaceX, with an additional 20,318 shares purchased on the same day for about $2.3 million.

Block, led by Twitter co-founder Jack Dorsey, has been holding Bitcoin since 2020 and currently owns a total of 9,117 BTC.

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