Cathy Wood buys 262,463 shares Block Inc. While Jack Dormy is pushed to build BTC star-news.press/wp

Cathie Wood, which is popular with the encryption companies, has downloaded 262,463 shares from Jack Dormy’s Block Inc Nyse: Xyz on August 11, via three Ark Invest. This development is just as Dormy was pushed to adopt BTC through the company’s subsidiaries such as App Cash App and Square, etc. The last purchase of Wood comes as the XYZ share price is 15 % of its highest weekly levels of $ 85.

Cathie Wood Scoops Block Inc.

According to the updated data from ARK Invest, Cathay Wood bought a total 262,463 shares from Jack Dorsy payments company. This purchase happened through three money, including Ark Fintech Innovation ETF (ARKF), ARK the next generation from ETF (Arkw), and Ark Fintech Innovation ETF (ARKF). This last purchase comes at a time when Block Inc. About strong Q2 profits last week, with Bitcoin’s increase.

According to official data from Ark InvestThe asset manager has 1.62 % of his total investment in Block Inc. (NYSE: XYZ) for a clear investment value of $ 169 million. The Xyz share price increased to $ 85 last week, after the company announced a profit of $ 1.5 billion during the second quarter, with an upper annual by 16 %. On the other hand, XyZ arrow entered the S&P 500 index last month, which may lead to a strong increase in liquidity.

Cathy Wood again started evaluating the encryption companies, providing a strong value. This is the latest purchase in Chefir after Wood bought a currency stock earlier in August.

Jack Dorsi to enhance BTC adoption

Jack Dormy’s Payments Block Inc. A full -bitcoin banking suite that aims to enhance the adoption of the Ministry of Treasury in Bitcoin among small companies. The company takes advantage of its subsidiaries, such as the Cash App, Square and Bitkey app, to lead BTC integration. Square allows traders to accept Bitcoin payments. App Cash includes the Lightning Network and reported $ 10 billion of Bitcoin revenues in 2024, while Bitkey provides self -needs self -needs devices.

During the second quarter of this year, the company added 108 BTC to its wardrobe, where it obtained its total holdings to 8,692 BTC, which was purchased at the average BTC price rate of 30,405 dollars.

<!–

Top Crypto Marketing Firms / Agencies 2023; Here’s Best Picks (Updated)

Top 10 Web3 Games To Explore In 2023; Here List

–>

Bushan Akolkar

BHUSHAN is a seasoned analogy with an eight -year experience in an extension of more than 10,000 contributions via multiple platforms such as Coingape, Coinspeaker, Bitcoinist, Crypto News Flash and others. Be enthusiastic about technology, he loves reports via encryption, Blockchain, Defi, and Global Macros with a severe understanding of financial markets. He is committed to continuous learning and remains eager to share the knowledge he acquires. In his spare time, Booshan enjoys reading excitement novels and sometimes exploring his cooking skills. BHUSHAN is a Bachelor’s degree in electronics engineering, however, his interest in financing and economy leads him to encryption and Blockchain.

<!–

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.

–>

Why confidence: Coingaape: Coingepe has covered the coded currency industry since 2017, with the aim of providing useful visions to our readers. Journalists and analysts bring years of experience in market analysis and Blockchain technology to ensure realistic accuracy and balanced reports. By following our editorial policy, our book is achieved from every source, and verifies each story, and they depend on the reputable sources, quotes and media properly. We also follow a strict review methodology when evaluating exchanges and tools. From Blockchain projects emerging and launching operations to industry events and technical developments, we cover all aspects of the area of digital assets with a fixed commitment to the relevant information in time.

Leave responsibility: The content and the personal views of the author and the current market conditions reflect. Please do your own research before investing in encrypted currencies, because the author and the post is responsible for any financial losses.

AD disclosure: This site may feature content with care and subsidiary links. All ads are clearly marked, and advertising partners have no effect on our editing content.

<!–

Crypto Stories

View all

5 Important Highlights from the Recent Fed Meeting

ChatGPT’s Next Big Upgrade: What You Need to Know

5 Reasons behind Mega Bank’s 2024 Ethereum Price Prediction

–>