Ark Invest increased its holdings in Block Inc. The company's Q2 gross profit rose by 14%.

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[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.

ARK6.78%
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BloodInStreetsvip
· 08-12 04:29
buy the dip is a technical skill. This wave of sell orders has been cut again.
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DataOnlookervip
· 08-12 04:28
Will not reduce holdings
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GasGasGasBrovip
· 08-12 04:25
Sister A really understands too well!
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StakeHouseDirectorvip
· 08-12 04:21
Just love to buy the dip after a big dump.
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FlashLoanLarryvip
· 08-12 04:21
thesis validation as expected... ark knows the true value proposition
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GateUser-cff9c776vip
· 08-12 04:00
Schrodinger's institution buying the dip? Looking at the candlestick chart is confusing.
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