Key Takeaways
- • Ark Invest bought 456,059 shares of Block Inc. at Monday's closing price of $82.02, a position worth about $37.4 million, through the ARK Innovation ETF, ARK Next Generation Internet ETF and ARK Blockchain & Fintech Innovation ETF.
- • Ark also bought 35,192 shares of Circle Internet Group worth about $3.36 million based on its $95.55 close, bringing the combined Monday purchases to roughly $40.8 million.
- • Block raised its fiscal 2026 gross profit guidance to $12.51 billion, implying 21% year-on-year growth from its prior $12.33 billion outlook, and added 85 BTC in August to reach 9,117 BTC.
- • Circle reported $701 million in Q2 revenue, up 7% year-on-year, with USDC circulation of $73.3 billion at quarter-end.
- • The purchases are part of Ark's periodic rebalancing, which caps individual holdings at roughly 10% of fund assets, and follow earlier buys in June and July.
Summary
Cathie Wood's Ark Invest bought more shares of Block Inc. and Circle Internet Group in its latest trading round, continuing a shift in its positions across crypto-related companies. Purchases through the ARK Innovation ETF (ARKK), the ARK Next Generation Internet ETF (ARKW) and the ARK Blockchain & Fintech Innovation ETF (ARKF) totaled 456,059 Block shares, worth about $37.4 million at Monday's closing price of $82.02, which was down 1.85% on the day.
The Block purchase follows a series of buys made during share price weakness in 2026, including 236,759 shares for about $17.2 million in June via ARKK and 19,029 shares for about $1.52 million in July via ARKW and ARKF. According to the article, Ark's actively managed funds periodically rebalance holdings to reflect changes in market capitalization, with positions typically capped at 10% of fund assets.
The trades come after Block's second-quarter earnings report in August, covering the three months ended June 30. The company reported gross profit up 25% year-on-year to $3.17 billion, with Cash App generating $1.97 billion (up 31%) and Square generating $1.16 billion (up 13%). Adjusted operating income was $864 million and adjusted diluted EPS was $1.02. Block then raised its fiscal 2026 gross profit guidance to $12.51 billion from $12.33 billion, and now expects adjusted operating income of $3.47 billion, a 28% operating margin and 70% adjusted diluted EPS growth. The company also added 85 BTC in August, bringing its Bitcoin holdings to 9,117 BTC, following its July entry into the S&P 500, where it replaced Hess Corp. after Chevron completed its acquisition of that oil producer.
Ark also bought 35,192 Circle shares worth about $3.36 million based on a $95.55 close, which was up 9.65% after a 7.5% drop on Friday. The purchase follows earlier Circle buys in July, including 220,012 shares for $13.9 million after CRCL fell below $64 and 109,129 shares for $6.83 million later that month. Circle's stock has risen 52.6% over the past month. Bernstein reiterated its Outperform rating and $140 price target, citing adoption of USDC in payments and blockchain-based capital markets, along with agentic-payment use cases under development. Circle reported Q2 revenue of $701 million, up 7% year-on-year, with USDC circulation of $73.3 billion at period end.
The article notes that Ark has also bought cryptocurrency-related stocks including Coinbase, Bullish and Robinhood, and characterizes the recent Block and Circle purchases as consolidating exposure to payment services and Bitcoin and stablecoin infrastructure companies within its broader rebalancing strategy.
The Block purchase follows a series of buys made during share price weakness in 2026, including 236,759 shares for about $17.2 million in June via ARKK and 19,029 shares for about $1.52 million in July via ARKW and ARKF. According to the article, Ark's actively managed funds periodically rebalance holdings to reflect changes in market capitalization, with positions typically capped at 10% of fund assets.
The trades come after Block's second-quarter earnings report in August, covering the three months ended June 30. The company reported gross profit up 25% year-on-year to $3.17 billion, with Cash App generating $1.97 billion (up 31%) and Square generating $1.16 billion (up 13%). Adjusted operating income was $864 million and adjusted diluted EPS was $1.02. Block then raised its fiscal 2026 gross profit guidance to $12.51 billion from $12.33 billion, and now expects adjusted operating income of $3.47 billion, a 28% operating margin and 70% adjusted diluted EPS growth. The company also added 85 BTC in August, bringing its Bitcoin holdings to 9,117 BTC, following its July entry into the S&P 500, where it replaced Hess Corp. after Chevron completed its acquisition of that oil producer.
Ark also bought 35,192 Circle shares worth about $3.36 million based on a $95.55 close, which was up 9.65% after a 7.5% drop on Friday. The purchase follows earlier Circle buys in July, including 220,012 shares for $13.9 million after CRCL fell below $64 and 109,129 shares for $6.83 million later that month. Circle's stock has risen 52.6% over the past month. Bernstein reiterated its Outperform rating and $140 price target, citing adoption of USDC in payments and blockchain-based capital markets, along with agentic-payment use cases under development. Circle reported Q2 revenue of $701 million, up 7% year-on-year, with USDC circulation of $73.3 billion at period end.
The article notes that Ark has also bought cryptocurrency-related stocks including Coinbase, Bullish and Robinhood, and characterizes the recent Block and Circle purchases as consolidating exposure to payment services and Bitcoin and stablecoin infrastructure companies within its broader rebalancing strategy.
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