#DeFiGetsGraded

Ark Invest increases stake in Block Inc. amid Bitcoin accumulation

Summary

Ark Invest purchased $19.2 million in Block shares through three ETF funds as the Bitcoin strategy evolves.

Block increases its Bitcoin holdings to 8,692 $BTC , becoming the 13th largest publicly traded company in terms of holdings.

Block reports strong earnings, exceeding expectations with revenue of $6.05 billion and net income of $538.46 million.