Cathie Wood's Ark Fund purchased over $7 million worth of Block and Robinhood stocks

ChainCatcher news, according to The Block, Cathie Wood's Ark Invest increased its holdings by 69,756 shares of Jack Dorsey's Block and 343,623 shares of Robinhood this week. Before the earnings report was released today, Block's stock closed at $54.64, making the purchase cost for the Ark Innovation ETF approximately $3.8 million, while the cost for Robinhood exceeded $3.3 million.

Additionally, the fund purchased shares of Coinbase, Block, and Robinhood last week. Ark Invest holds approximately 7.7 million shares of Coinbase, valued at over $450 million at the time of writing. (The Block)