Cathie Wood’s ARK Invest Accumulating Jack Dorsey’s Block Shares With Big $14,400,000 Purchase in One Day - The Daily Hodl
15 Mar 2023 6:41 PM
Cathie Wood’s ARK Invest is gobbling up shares of Jack Dorsey’s payments platform Block as the banking sector continues its downward slide....
- Cathie Wood's ARK Invest has been buying shares of Block (formerly known as Square) since March 13th, with a total investment of $14.4 million.
- ARK Invest also invested in Coinbase and Robinhood earlier this month.
- Wood believes that Bitcoin and Ethereum are proving their worth as the nation's banking crisis deepens, and that this could mark the start of a decentralized finance era.
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The article has a generally positive sentiment towards Cathie Wood's ARK Invest and its investments in Block, Coinbase, and Robinhood. It also has a positive sentiment towards Bitcoin and Ethereum as potential solutions to the banking crisis.
What is ARK Invest and what investments has it made recently?
How much did ARK Invest invest in Block and how many shares did it purchase?
What is Cathie Wood's opinion on Bitcoin and Ethereum in relation to the banking crisis?
What is the current trading price of Block shares?
What is the potential impact of the banking crisis on the decentralized finance industry, according to Wood?