Cathie Wood’s Ark Invest Loads Up on Block and Circle in $40.8 Million Buying Spree

Ark Invest bought more shares of Block Inc. and Circle Internet Group during its latest round of trading as Cathie Wood’s investment firm continues to shift its stock positions in crypto-related companies.

The purchases made through the ARK Innovation ETF, the ARK Next Generation Internet ETF and the ARK Blockchain & Fintech Innovation ETF totaled 456,059 Block shares, and at Monday’s closing price of $82.02 — down 1.85% for the day — the purchases were worth about $37.4 million.

This followed Ark’s purchases of Block shares during dips in its share prices throughout 2026, including 236,759 shares for about $17.2 million in June bought via ARKK and 19,029 for about $1.52 million in July bought via ARKW and ARKF.

Ark’s actively-managed funds periodically rebalance their holdings to account for changes in the market capitalization of stocks. Holdings are typically capped at 10% of the fund’s assets, so the manager will buy or sell in order to rebalance them to that percentage.

The latest Block purchase follows the release of the company’s second-quarter earnings report in August for the three months ending June 30, which showed a year-on-year gross profit increase of 25% to $3.17 billion. Cash App generated $1.97 billion (31% increase), and Square generated $1.16 billion (13% increase), with adjusted operating income of $864 million and adjusted diluted earnings per share of $1.02.