Ark Invest increases Blockchain stake by $19 million, shares hit three-week low

According to Odaily Planet Daily, Cathie Wood's Ark Invest increased its holdings of Block Inc. shares through three ETFs, totaling approximately $19 million. Block's stock price closed down 0.49% on Monday at $73.03, its lowest level since July 18. The company reported second-quarter gross profit of $2.54 billion, a 14% year-on-year increase, and raised its full-year gross profit forecast to $10.17 billion. Block holds 8,692 bitcoins for investment and trading services. (The Block)