ARK Invest Adds $16M in Block and Securitize Shares Amid Market Dip
What happened: Cathie Wood’s ARK Invest purchased 191,671 shares of Block (SQ), worth about $15.
What happened: Cathie Wood’s ARK Invest purchased 191,671 shares of Block (SQ), worth about $15.4 million, and 189,796 shares of Securitize (SECZ), worth over $1 million, following price declines in both stocks. Block is now the second-largest holding in ARK’s fintech ETF, and ARK has been accumulating Securitize since its July IPO, despite the company’s recent earnings miss and stock drop.
Why it matters: ARK’s continued accumulation of Securitize and Block shares signals conviction in the long-term tokenization and fintech narratives, even as near-term financial results disappoint. The purchases also reflect a broader trend of thematic investing in digital asset infrastructure during periods of volatility.
Source: The Block