Ark Invest Buys $30.9M Block Stock SQ: Cathie Wood's Bet on Jack Dorsey's Fintech

Cathie Wood's Ark Investment Management has significantly increased its position in Block, Inc., the fintech company founded by Jack Dorsey. Ark Invest purchased shares worth approximately $30.9 million, signaling strong confidence in the digital payments company. This major acquisition by the prominent investment firm highlights continued institutional interest in the evolving financial technology and digital asset sector, where Block is a key player through its Square and Cash App platforms.