Ark Invest buys $37 million worth of shares in Jack Dorsey’s Block Inc

Crypto Insight Summary: Last month, Ark had purchased a bulk of Block shares after its second-quarter results that raised its full-year profit forecast to $12.5 billion Crypto Insight Analysis: Direction: Bullish SQ Impact: Minor Impact Horizon: Short-term (1-3 days) Reasoning: Institutional investment boosts investor confidence in Block.