Ark Invest Buys Block Shares After Price Dip

Ark Invest made a splash by purchasing fifteen million dollars worth of Block Inc shares after the stock dipped three percent. The firm took advantage of the lower price to add to its existing holdings, showing confidence in the payment company led by Jack Dorsey.

In addition to the Block purchase, Ark Invest picked up one million dollars in Securitize shares. That stock dropped more than twenty percent last week following a weaker than expected second quarter earnings report.

Traders are watching to see if these bargain hunting moves pay off as tech and crypto related stocks try to regain their footing. Ark remains active in adjusting its portfolio during periods of high volatility.