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BTC $96,420 +2.34% ETH $3,280 +1.82% SOL $185.40 -0.92% BNB $642.50 +0.45% XRP $2.18 +3.12% DOGE $0.082 -1.50% ADA $1.05 +0.80% AVAX $42.10 +1.15%
08/18/2026

Ark Invest Adds $15M in Block Shares as Stock Falls 3%

What happened: Cathie Wood’s Ark Invest purchased 191,671 shares of Block Inc (worth about $15.

Ark Invest Adds $15M in Block Shares as Stock Falls 3%

What happened: Cathie Wood’s Ark Invest purchased 191,671 shares of Block Inc (worth about $15.4 million) after the stock dipped 3.2% to $80.20. This follows a $21–22.5 million Block purchase the prior week, after a 6% post-earnings drop. Ark also acquired $1 million in Securitize shares, which fell over 20% last week after missing Q2 revenue forecasts, and added positions in Nvidia and a Solana staking ETF, while trimming Palantir and Shopify.

Why it matters: Ark’s continued accumulation of crypto-linked equities, even amid price declines and disappointing earnings, signals strong conviction in the sector’s long-term potential. The pattern of "buying the dip" in both Block and Securitize, alongside increased exposure to Solana, suggests Ark is doubling down on blockchain and fintech themes, despite volatility and mixed short-term fundamentals.

Source: The Block