Cathie Wood Cut Stake In This Bitcoin-Linked Fintech On Monday: Here's What She Bought Instead
$Bitcoin(BTC.CC$ $Ethereum(ETH.CC$
Cathie Wood-led Ark Investment Management on Monday lowered its exposure in $Block(SQ.US$ , the money manager's first selling of the crypto-linked fintech stock this year.
The popular investment firm sold 281,910 shares — estimated to be worth $38 million as of their last close — in the Jack Dorsey-led financial services and digital payments company.
Block closed 4.12% lower at $134.8 a share on Monday. The stock is down 18% year-to-date.
Ark Invest has been piling up shares in Block for months along with buys $Coinbase(COIN.US$ and $Robinhood(HOOD.US$
Cathie Wood-led Ark Investment Management on Monday lowered its exposure in $Block(SQ.US$ , the money manager's first selling of the crypto-linked fintech stock this year.
The popular investment firm sold 281,910 shares — estimated to be worth $38 million as of their last close — in the Jack Dorsey-led financial services and digital payments company.
Block closed 4.12% lower at $134.8 a share on Monday. The stock is down 18% year-to-date.
Ark Invest has been piling up shares in Block for months along with buys $Coinbase(COIN.US$ and $Robinhood(HOOD.US$
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