On August 11, renowned fund manager Cathie Wood's ARK fund embarked on a significant buying spree of Block shares, amounting to roughly $19.2 million. The flagship ARKK fund led the charge with the acquisition of 152,980 shares, followed by ARKW, which augmented its holdings by 69,526 shares, and ARKF, which purchased 39,957 shares. This strategic maneuver underscores ARK's commitment to its "buy-the-dip" approach for the financial technology giant.