Loading... Loading... On Wednesday, Cathie Wood -led Ark Invest made a significant move by offloading shares of Block Inc SQ amidst
Bitcoin BTC/USD prices recovering. The Block Inc Trade The sale, worth $3.5 million, was executed through Ark's flagship ARK Innovation ETF ARKK and ARK Next Generation Internet ETF ARKW with a total of 42,608 shares sold. The value of the trade, calculated from the latest closing price of $81.46. Notably, at the time of writing, Bitcoin traded nearly 6.6% higher at $67,330.71. Ark has sold Block shares in every trading session of the current week. On Monday, Ark sold Block shares worth $8.95 million and on Tuesday, the firm sold $7.5 million worth . For the week, including Wednesday’s sale, the total stands at $19.95 million. Notably, Wood came to the defense of Block when the short seller Hindenburg issued an adverse report against the company. Other Key Trades: Ark Invest bought shares of Cerus Corp CERS . The firm also bought shares of Personalis Inc PSNL . Ark also purchased shares of Moderna Inc MRNA through its ARKK fund. Shares of Twilio Inc TWLO were sold from both the ARKK and ARKW portfolios. Read Next: Whopping $33.8 Million Worth Of Dogecoin Shifted To Robinhood — And People Suspect This Person Could Be Behind It Engineered by Benzinga Neuro , Edited by Shivdeep Dhaliwal The GPT-4-based Benzinga Neuro content generation system exploits the extensive Benzinga Ecosystem, including native data, APIs, and more to create comprehensive and timely stories for you. Learn more. Loading... Loading...