Ark Invest Bets $37M on Bitcoin and Block
Cathie Wood’s Ark Invest Buys $37 Million in Bitcoin and Payments Firm Block
Ark Invest, the investment firm led by Cathie Wood, disclosed purchases totaling about $37 million split between bitcoin and shares of Block, the payments company formerly known as Square.
The buys underscore Ark’s continued interest in both the largest cryptocurrency by market value and a major fintech firm with significant exposure to digital assets through its products and services.
While Ark is best known for actively managed, thematic exchange-traded funds, the firm’s crypto-related investments have often paired direct bitcoin exposure with positions in public companies that operate in the digital payments and cryptocurrency ecosystem.
The move matters because it shows Ark maintaining alignment with its long-running thesis that digital assets and modern payments infrastructure are closely linked trends, even as market conditions shift over time.
