Ark Invest purchases 262,463 shares of BLOCK, signals continued focus on Bitcoin
Block Inc., the digital payments giant formerly known as Square, is leading the charge in Bitcoin adoption, integrating the cryptocurrency into its merchant ecosystem and holding a significant Bitcoin treasury. This push towards Bitcoin is a strategic move that aligns with Jack Dorsey's vision for Bitcoin as a global financial infrastructure for commerce.
In Q2 of 2025, Block Inc. purchased 108 BTC, increasing its total holdings to 8,692 BTC. The average price of these purchases was $30,405, making the total value of the Bitcoin treasury nearly $1 billion. This move has been considered a significant win for Bitcoin and the crypto industry.
Block's strategy includes enabling over 4 million merchants to accept Bitcoin payments seamlessly through Square’s point-of-sale (POS) systems, backed by a full stack of traditional payment and accounting tools. This aims to make Bitcoin usable as everyday money.
Cathie Wood's Ark Invest, known for its bullish stance on disruptive innovation including Bitcoin, has been a strong supporter of Block Inc. Ark Invest bought $20 million worth of shares in ETH treasury firm Bitmine, and the acquisition was distributed across three of its top funds, including the Ark Fintech Innovation ETF (ARKF), the ARK Next Generation Internet ETF (ARKW), and the ARK Fintech Innovation ETF (ARKF). Although direct details on Ark's Block holdings are not explicit, Ark Invest typically views Bitcoin adoption by companies like Block as a strategic long-term catalyst for value appreciation.
The adoption push by Block Inc. reflects and contributes to the broader trend of institutional adoption driving Bitcoin's price. Bitcoin's price has shown resilience, trading around $118,000 as of August 2025, supported by expanded institutional investment and evolving U.S. crypto regulatory frameworks enhancing legitimacy and adoption.
In addition to Square, Block Inc. subsidiaries like Cash App and Bitkey are also playing a role in Bitcoin adoption. Cash App reported $10 billion in Bitcoin revenue in 2024, while Bitkey offers self-custody hardware for everyday users.
Ark Invest's latest acquisition coincides with Dorsey's recent push towards Bitcoin adoption. However, it's worth noting that Ark Invest sometimes offloads shares from several companies to maintain a specific weighting, below 10%.
At press time, the Block Inc. share was trading at $73.07. This reflects a growing structural shift where corporate and institutional involvement in Bitcoin—for treasury management and payment infrastructure—is a crucial driver shaping both Bitcoin’s market price and the stock performance of companies like Block.
[1] Block Inc. Press Release, August 2025 [2] Ark Invest Research, August 2025 [3] Jack Dorsey Twitter, August 2025 [4] CoinDesk, August 2025 [5] Bloomberg, August 2025
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