Ark Invest CEO Cathie Wood announced that she has invested $7 million in shares of Block and Robinhood.
In the statement made on the official website of Ark Invest, 2 November day of Ark Invest company block and Robinhood covering the shares 7 million dollars investment was announced. Almost half of the investment in question $3.8 million with (69,756 shares) former CEO of Twitter Jack Dorsey‘s Block company became. Ark Invest approx. 3.3 million dollars (343,623 shares) Robinhood added its shares to its assets. All of the purchases were made within the funds of Ark Invest’s Next Generation ETF.
According to the data at the time of writing the shares of Block company at $54.64 is priced. The company is tonight (23.00 CET) 3rd quarter earnings report will explain. According to analysts, Block’s gross volume last quarter $54.3 billion rose. If the data comes out as predicted, Block stocks may be positively affected and Ark Invest’s preferred timing for its investment may be perfect.
On the other hand, Ark Invest has been collecting these funds for a while. The company also bought Coinbase shares last week, alongside Block and Robinhood. In the hands of ARK Invest approximately 7.7 million Coinbase shares and the total value of these shares is approximately 450 million dollars finds it.