Cathie Wood’s ARK Invest has again increased its stake in Block Inc., (NYSE: XYZ), the payments and financial services company led by Jack Dorsey, continuing a pattern of adding shares during periods of price weakness. Reports published at the start of September indicated that ARK purchased roughly $37.4 million of Block stock in the most recent disclosed session, alongside a smaller addition in Circle.
Because US markets were closed for Labor Day, the trades themselves were executed on the preceding Friday and reported with a short lag.
The latest buy sits on top of several earlier additions.
In early August, after Block’s second-quarter results, ARK acquired about 267,676 shares valued at approximately $21 million across the ARK Innovation ETF (ARKK), ARK Next Generation Internet ETF (ARKW), and ARK Fintech Innovation ETF (ARKF).
That purchase came as the stock fell more than 6 percent in a single session. Later in the month the firm added another 191,671 shares, worth about $15.4 million, when the shares slipped roughly 3 percent.
Together the moves show a consistent willingness to increase exposure when the market offers a lower entry point.
Block remains a core holding for ARK’s crypto-adjacent strategy.
The company operates Square merchant services and Cash App, holds bitcoin on its balance sheet, and has developed products intended to make bitcoin more usable for everyday payments.
Those businesses sit at the intersection of fintech disruption and digital assets—the two themes Wood has long emphasized. Portfolio rules generally keep any single name below 10 percent of an ETF, so the firm trims as well as adds; modest sales appeared in late July even as the overall bias stayed constructive.
By late August, combined holdings across ARKK, ARKW, and ARKF still numbered more than three million shares.
The August buying followed a quarter that mixed strength and caution.
Block reported revenue of $6.62 billion, up 9 percent year over year, and adjusted earnings of $1.02 per share, a 65 percent increase.
Gross profit reached $3.17 billion.
Investors nevertheless focused on rising operating costs even after earlier workforce reductions, which contributed to the post-earnings slide that ARK treated as an opportunity.
The stock subsequently traded in the low-to-mid $80s, well below prior peaks but above the levels seen immediately after the report.
ARK’s approach is transparent by design.
The firm publishes daily holdings files and trade notifications, allowing observers to track every purchase and sale in near real time.
That disclosure habit has made Block’s place in the portfolios easy to follow: repeated dip-buying rather than a one-off wager.
The same files show parallel activity in other digital asset names such as Circle, Coinbase, and tokenization platforms, suggesting the Block additions are part of a broader allocation rather than an isolated bet on Dorsey’s company. Whether the latest increment proves well timed will depend on Block’s ability to convert product investment into durable margins and on the path of bitcoin-related sentiment.