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Wednesday, September 2, 2026 · UTC
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ARK Invest adds $40.8M in Block and Circle crypto stocks

Cathie Wood's ARK Invest purchased $40.8 million worth of Block and Circle shares across three funds.

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As of 2026-09-02 14:21 UTC. Market figures are as the cited sources reported them at that time and may have moved since. This is news, not investment advice.
Cathie Wood's ARK Invest added shares of Block and Circle to three of its funds during the final trading session of August. [1] Shares of Palantir Technologies fell 3.6% in morning trading, retreating to $173.38 as the stock continues to unwind its historic August rally. [2] ARK bought 456,059 Block shares across its Innovation, Next Generation Internet, and Blockchain and Fintech Innovation ETFs. [3] The total value of the purchases was approximately $40.8 million based on Monday's closing prices. [4] ARK Invest, led by Cathie Wood, offloaded approximately 139,456 Palantir shares worth around $26 million on August 31, marking the most recent in a string of reductions executed throughout August. [5] The pullback follows a roughly 48% surge from the stock's pre-earnings level in early August, driven by a blowout second-quarter report in which revenue surged 93% year over year and U.S. commercial revenue nearly doubled. [6] The stock's decline was driven by profit-taking and institutional selling, pushing the AI software company further from the 2026 closing high of $186.38 it reached just two sessions ago. [7] ARK's exposure to Block is because the company operates a broader payment system that gives it exposure to Bitcoin, while also holding Bitcoin on its balance sheets. [8]
What this stands on
  1. Cathie Wood's ARK Invest added shares of Block and Circle to three of its funds during the final trading session of August. · AMBCrypto
  2. Shares of Palantir Technologies fell 3.6% in morning trading, retreating to $173.38 as the stock continues to unwind its historic August rally. · Investing.com
  3. ARK bought 456,059 Block shares across its Innovation, Next Generation Internet, and Blockchain and Fintech Innovation ETFs. · AMBCrypto
  4. The total value of the purchases was approximately $40.8 million based on Monday's closing prices. · AMBCrypto
  5. ARK Invest, led by Cathie Wood, offloaded approximately 139,456 Palantir shares worth around $26 million on August 31, marking the most recent in a string of reductions executed throughout August. · Investing.com
  6. The pullback follows a roughly 48% surge from the stock's pre-earnings level in early August, driven by a blowout second-quarter report in which revenue surged 93% year over year and U.S. commercial revenue nearly doubled. · Investing.com
  7. The stock's decline was driven by profit-taking and institutional selling, pushing the AI software company further from the 2026 closing high of $186.38 it reached just two sessions ago. · Investing.com
  8. ARK's exposure to Block is because the company operates a broader payment system that gives it exposure to Bitcoin, while also holding Bitcoin on its balance sheets. · AMBCrypto
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