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📅 Event PeriodAugust 12, 2025, 04:00 – August 17, 2025, 16:00 UTC
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Ark Invest increased its holdings in Block Inc. The company's Q2 gross profit rose by 14%.
[Coin World] On August 12, according to the latest disclosures, Ark Invest has increased its holdings in Block Inc. through its three ETFs, totaling approximately $19.2 million. This increase occurred when Block Inc.'s stock price fell to $73.03, reaching a three-week low. Despite a 4% drop in the past five days, the stock has risen 12% over the past month. Additionally, Block's second-quarter earnings report shows strong profitability, with a gross profit of $2.54 billion, a year-on-year increase of 14%. The company has also raised its full-year gross profit forecast to $10.17 billion. Block holds a reserve of 8,692 Bitcoins for investment and to support user Bitcoin transactions.