Ark Invest has scooped up $37M worth of Jack Dorsey’s Block Inc shares, along with 35,192 shares of Circle worth $3.36M.

Cathie Wood’s investment firm Ark Invest picked up roughly $37.4 million worth of Block Inc stock on Monday, taking advantage of a temporary drop in the fintech company’s share price. Trading records show the firm added 456,059 shares of Block, the company led by Jack Dorsey, spreading the purchase across three of its etfs, the Ark Innovation ETF, the Ark Next Generation Internet ETF, and the Ark Blockchain & Fintech Innovation ETF. Ark typically caps any single stock at 10% of a fund’s total holdings to keep its portfolios diversified.

Circle Shares Also See Ark Investment

Ark separately bought 35,192 shares of Circle Internet Group, worth about $3.36 million, as Circle’s stock jumped 9.65% to $95.55, bouncing back after a decline the previous Friday. Bernstein analysts recently gave Circle an Outperform rating with a $140 price target, pointing to growth from stablecoin adoption and emerging use cases in agentic payments. Circle has climbed 52.6% over the past month.