๐Ÿ”ด Urgent | Cathie Wood buys Block shares for $15.4 million as the stock dips

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๐Ÿ“ฐ The news

Cathie Wood, founder of Ark Invest, bought shares in Block worth $15.4 million on Monday, taking advantage of the drop in the share price to increase her position.

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โ€” Comes weeks after she sold Block shares across several other crypto companies in favor of SpaceX

โ€” Could reflect a โ€œbuy the dipโ€ strategy after Blockโ€™s mixed results in the second quarter

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๐ŸŸข A return of confidence after the previous sale? Or just a tactical rebalancing? ๐Ÿ‘‡

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