{"id":76498,"date":"2026-08-07T12:03:13","date_gmt":"2026-08-07T12:03:13","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/cathie-woods-ark-buys-21m-in-block-2-3m-in-spacex\/"},"modified":"2026-08-07T12:03:13","modified_gmt":"2026-08-07T12:03:13","slug":"cathie-woods-ark-buys-21m-in-block-2-3m-in-spacex","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/cathie-woods-ark-buys-21m-in-block-2-3m-in-spacex\/","title":{"rendered":"Cathie Wood&#8217;s Ark Buys $21M in Block, $2.3M in SpaceX"},"content":{"rendered":"<p><b>(Originally posted on : Bitcoin News )<\/b><br \/>\n<\/p>\n<div>\n<div class=\"@container mb-[25px] rounded-sm overflow-clip py-0.5 pr-0.5 pl-2.5 bg-success-100\">\n<div class=\"flex flex-col gap-m overflow-clip rounded-[6px] !bg-success-10 p-3 @[420px]:p-m\">\n<h2 class=\"m-0 flex items-center gap-s text-[19px] !text-[#1c1c1c] md:text-[20px]\"><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"16\" height=\"10\" viewbox=\"0 0 16 10\" fill=\"none\" class=\"shrink-0 text-success-100\" aria-hidden=\"true\"><path d=\"M1 1.5h14\" stroke=\"currentColor\" stroke-width=\"2.5\" stroke-linecap=\"round\"\/><path d=\"M1 8.5h10\" stroke=\"currentColor\" stroke-width=\"2.5\" stroke-linecap=\"round\"\/><\/svg><span>Key Takeaways<\/span><\/h2>\n<ul class=\"m-0 flex list-none flex-col gap-m pl-0\">\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">Ark Invest bought 267,676 Block shares worth about $21 million on August 6.<\/span><\/li>\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">Cathie Wood\u2019s fund also added 20,318 SpaceX shares worth roughly $2.3 million the same day.<\/span><\/li>\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">The purchases extend Ark\u2019s long-running bets on Jack Dorsey\u2019s Block and Musk\u2019s SpaceX.<\/span><\/li>\n<\/ul>\n<\/div>\n<\/div>\n<h2>Ark\u2019s Latest Trades<\/h2>\n<p>Ark Invest, the asset management firm founded by Cathie Wood and known for publishing its daily trading activity, <a href=\"https:\/\/x.com\/ArkkDaily\/status\/2084758217234805090\" target=\"_blank\" rel=\"noopener noreferrer\">disclosed purchases<\/a> of 267,676 shares of Block, worth approximately $21 million, and 20,318 shares of SpaceX, worth roughly $2.3 million, on August 6.<\/p>\n<figure id=\"attachment_837552\" aria-describedby=\"caption-attachment-837552\" style=\"width:832px\" class=\"wp-caption aligncenter\"><figcaption id=\"caption-attachment-837552\" class=\"wp-caption-text\">Image source: X<\/figcaption><\/figure>\n<p>Ark\u2019s exchange-traded funds are required to disclose portfolio trades on a daily basis, giving investors a near-real-time window into where Wood is placing her firm\u2019s capital.<\/p>\n<p>The Block purchase lands across Ark\u2019s flagship funds, which have held the payments company for years as a proxy for both fintech disruption and, more specifically, bitcoin adoption. Similarly, the SpaceX purchase comes roughly two months after the company\u2019s blockbuster Nasdaq debut in June, meaning Ark is very likely buying SPCX shares on long-term conviction.<\/p>\n<h2>Why Block Matters to Ark<\/h2>\n<p>Block, the company Jack Dorsey renamed from Square in 2021, has been one of Ark\u2019s most closely watched holdings because of its direct exposure to bitcoin. Block has held bitcoin on its corporate balance sheet since 2020, operating a Cash App platform that lets millions of retail users buy and sell BTC seamlessly.<\/p>\n<p>In recent months, it has pushed further into the asset through its Bitkey hardware wallet and its bitcoin mining hardware unit, Proto. In essence, Block offers a way to bet on both consumer fintech adoption and bitcoin\u2019s growing role in everyday payments via a single, publicly traded stock.<\/p>\n<p>Wood has repeatedly put bitcoin forward as a core piece of Ark\u2019s long-term investment thesis, and <a href=\"https:\/\/news.bitcoin.com\/jack-dorsey-cuts-over-4000-jobs-as-block-shrinks-workforce-nearly-in-half\/\">Block\u2019s business model<\/a> gives her conviction a direct line to bitcoin\u2019s transaction volume and price rather than relying solely on standalone crypto assets. The fresh $21 million purchase suggests Ark sees value in the company\u2019s shares at current levels, adding to a position the firm has built and trimmed repeatedly over the past several years as the stock has moved with both broader tech sentiment and bitcoin\u2019s price swings.<\/p>\n<h2>SpaceX\u2019s New Public Chapter<\/h2>\n<p>SpaceX ended its run as one of the world\u2019s most valuable private companies in June, when it debuted on Nasdaq under the ticker SPCX in the largest IPO in history, pricing at $135 a share and raising roughly $75 billion at a valuation near $1.8 trillion. Shares briefly pushed the company\u2019s <a href=\"https:\/\/news.bitcoin.com\/spacex-hits-2-1t-on-debut-day-making-elon-musk-the-worlds-first-trillionaire\/\">market cap above $2 trillion<\/a> before pulling back in the weeks after.<\/p>\n<p>That means Ark\u2019s latest addition is no longer the kind of hard-to-access, venture-style stake it once was, as investors, including Ark\u2019s public ETFs, can now buy SpaceX stock the same way they buy Block. The $2.3 million purchase, in that regard, is a small add relative to <a href=\"https:\/\/news.bitcoin.com\/featured\/spacex-earnings-bitcoin-540-million\/\">SpaceX\u2019s mammoth valuation<\/a>, but it shows Wood continuing to build a position in the stock even after its <a href=\"https:\/\/news.bitcoin.com\/spacex-stock-closes-below-ipo-price\/\">post-IPO fade<\/a>.<\/p>\n<\/p><\/div>\n<p><a href=\"https:\/\/news.bitcoin.com\/finance\/cathie-wood-ark-invest-block-spacex-shares\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : Bitcoin News ) Key Takeaways Ark Invest bought 267,676 Block shares worth about $21 million on August 6. Cathie Wood\u2019s fund also added 20,318 SpaceX shares worth roughly $2.3 million the same day. The purchases extend Ark\u2019s long-running bets on Jack Dorsey\u2019s Block and Musk\u2019s SpaceX. Ark\u2019s Latest Trades Ark Invest, [&hellip;]<\/p>\n","protected":false},"author":3947362404,"featured_media":76499,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[32],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/76498"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/3947362404"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=76498"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/76498\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/76499"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=76498"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=76498"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=76498"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}