Cathie Wood’s Ark Invest Pours $37.4M into Block Inc. and Circle, Reshaping Crypto Sector

Cathie Wood’s Ark Invest has bolstered its crypto portfolio by investing $37.4 million in Block Inc. shares led by Jack Dorsey. The firm acquired 456,059 shares of Block (XYZ), allocating 191,732 to ARK Innovation ETF, 88,065 to ARK Next Generation Internet ETF, and 176,262 to ARK Fintech Innovation ETF. Block reported $3.17 billion in gross profit for Q2, raising its 2026 forecast to $12.51 billion. Ark also invested $3.36 million in Circle Internet Group shares. These moves signal growing institutional interest in crypto and fintech.