Cathie Wood's Big Bet on Block and Bitcoin

Block: A Major Bet Despite Earnings Miss

• Investment: $19.2 million in Block (Cash App and Bitcoin services)
• Why? Cash App's strong performance caught Ark's attention, despite Block's earnings falling short of expectations.

Bitcoin's Record Highs Fuel Interest

• Bitcoin Price: Trading near $118,999, close to its all-time high.
• Impact: Ark's increased interest in Block likely tied to Bitcoin's surge.

Shopify: Taking Profits

• Action: Sold $10.3 million in Shopify shares.
• Growth: Shopify's sales up 31% year-over-year.
• Trend: Ark has been selling Shopify shares for two weeks, totaling $18.4 million.

Other Moves: Diversifying the Portfolio

• Buys: Personalis, Compass Pathways.
• Sells: Guardant Health, CRISPR Therapeutics.

Shopify's Stock Surge

• Performance: Up 18.2% in just five days.
• Question: Is Ark seeing something others don't, or cashing in on gains?

Bitcoin's Volatility: A High-Stakes Bet

• Peak: Nearly $123,321 before a slight drop.
• Future: Will Ark's big bet on Block pay off?