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Benzinga
Benzinga
Business
Rachit Vats

Cathie Wood Cut Stake In This Bitcoin-Linked Fintech On Monday: Here's What She Bought Instead

Cathie Wood Block Ark Invest

Cathie Wood-led Ark Investment Management on Monday lowered its exposure in Block Inc (NYSE: SQ), the money manager's first selling of the crypto-linked fintech stock this year.

The popular investment firm sold 281,910 shares — estimated to be worth $38 million as of their last close — in the Jack Dorsey-led financial services and digital payments company.

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