Ark Invest increases its stake in Block stock by $19.2 million; Block holds a reserve of 8,692 BTC

According to the latest disclosure from Hash World Chain, Ark Invest, led by Cathie Wood, has increased its stake in Block Inc. through its three ETFs, totaling approximately $19.2 million. This increase occurred when Block Inc.'s stock price fell to $73.03, the lowest point in three weeks. Although the stock price has dropped 4% over the past five days, it has increased by 12% over the past month. Additionally, Block's second-quarter earnings report shows strong performance, with gross profit reaching $2.54 billion, a year-on-year increase of 14%, and it raised its full-year gross profit forecast to $10.17 billion. Furthermore, Block holds a reserve of 8,692 bitcoins, which are used both for investment and to support user bitcoin transactions.