ARK Invest Buys 262,463 Block Shares amid Bitcoin Adoption
ARK Invest purchased 262,463 shares of Block Inc after the stock fell 15% from its weekly high. The share acquisition was executed across the ARK Fintech Innovation ETF and the ARK Next Generation Internet ETF. With this portfolio rebalancing, ARK Invest now holds 1.62% of its assets in Block Inc, valued at $169 million at current prices.
Block Inc has ramped up its Bitcoin adoption strategy. In Q2 2025, the company added 108 BTC to its treasury, bringing total holdings to 8,692 BTC at an average cost of $30,405. Bitcoin is trading near $118,500, underscoring a significant BTC yield for Block.
Block plans to launch a full-stack Bitcoin banking suite through Cash App, Bitkey and Square, following its historic inclusion in the S&P 500 index.
Bullish
ARK Invest’s sizeable purchase of 262,463 Block shares signals strong institutional confidence in both Block Inc and its Bitcoin adoption strategy. Historically, ARK Invest’s share acquisitions in crypto-aligned firms like Coinbase have coincided with positive price momentum in underlying assets. This move may spur increased investor interest in Block stock and strengthen the Bitcoin narrative for both short-term trading and long-term adoption. In the near term, the buy could stabilize Block’s share price and boost BTC demand. Over the long term, it underscores a broader institutional commitment to crypto and may catalyze further corporate treasury allocations to Bitcoin.