Ark Invest acquired 186,284 Block shares through three funds on Tuesday. The purchase cost is estimated to be about $13.7 million.
According to its latest trading documents, 159,654 Block shares were added to the Ark Innovation ETF, 25,783 shares were added to the Ark Next Generation Internet ETF, and 847 shares were added to the Ark Fintech Innovation ETF. Block closed up 6% at $73.63 yesterday. Based on the closing price, the purchase amount is approximately $13.7 million. (The Block)