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Benzinga
Benzinga
Business
Neer Varshney

Cathie Wood Loads Up Another $459,520 In Bitcoin-Linked Stock On The Dip

Cathie Wood COIN Block Jack Dorsey ARK Ark Investment Management Block, Inc. NYSE SQ Dan Dolev

Cathie Wood-led Ark Investment Management bought 7,198 shares in Block Inc (NYSE: SQ) on Wednesday, estimated to be worth $459,520. The shares were purchased via the Ark Fintech Innovation ETF (NYSE: ARKF).

Block, a fintech company led by Jack Dorsey, is one of the key Bitcoin (CRYPTO: BTC) or cryptocurrency plays in Wood's portfolio. Her hedge fund also has substantial stakes in Coinbase Inc (NASDAQ: COIN) and Robinhood Inc (NASDAQ: HOOD), which heavily rely on cryptocurrencies for their revenues.

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