Ark Invest Buys $21M Block and $2.3M SpaceX Shares on August 6

Ark Invest disclosed acquisitions of 267,676 Block shares worth $21M and 20,318 SpaceX shares valued at $2.3M on August 6, signaling continued institutional interest in crypto-linked assets.

Woofun AI reports that Ark Invest acquired 267,676 shares of Block for approximately $21 million and 20,318 shares of SpaceX valued at around $2.3 million on August 6. Block, which rebranded from Square in 2021, has maintained BTC holdings on its balance sheet since 2020 and provides BTC trading services via Cash App. The firm recently expanded into hardware wallets with Bitkey and mining equipment through Proto. SpaceX, which listed on Nasdaq under ticker SPCX in June at an initial price of $135, raised roughly $75 billion to reach a valuation near $1.8 trillion. This acquisition occurred approximately two months after the aerospace company's public listing.