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Cathie Wood's Ark Invest Buys Millions in Block Inc (SQ) Shares, Reiterates Bullish Stance on Coinbase and Bitcoin

Cathie Wood's Ark Invest funds have purchased millions of shares in Jack Dorsey's payment firm Square Inc (SQ) and Coinbase (COIN). Wood remains bullish on Bitcoin, reiterating her $1 million target price by 2030 and explaining that the regulatory hurdles faced by Binance will benefit Coinbase.

Ark Invest purchased 227,365 Block Inc shares worth $15 million and 419,324 Coinbase (COIN) shares worth $21 million as the price dipped below $50 after the US SEC lawsuit against Coinbase. Despite the Hindenburg Research report, Wood continued to buy SQ shares.

Cathie Wood Ark Invest Coinbase Bitcoin
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