Cathie Wood-run Ark Invest loaded up shares in Jack Dorsey-run Block, Inc. (NYSE:SQ) on Wednesday, daily trade disclosure from the firm showed.

According to Benzinga Pro data, Block closed Wednesday's session up 0.39% at $66.24, despite the broader market weakness.

Block is a financial services and digital payments company. Its payments platform targets small and medium businesses.

The company also offers Bitcoin (CRYPTO: BTC) trading through its Cash App and holds the crypto on its balance sheet as an alternative to cash.

Except for a sale in late January, Ark has continued to be a Block buyer this year.

The purchase comes even as major cryptocurrencies, including Bitcoin, face a slump as the SEC crackdown on Binance and Coinbase Global Inc has spooked investors.

Wood has been a vocal supporter of Bitcoin over the years and has said it would hit $1 million by 2030.

Ark's other major trades on Wednesday include:

• Sale of 210,936 shares of Exact Sciences Corp. (NASDAQ:SQ)
• Sale of 68,239 shares of DraftKings, Inc. (NASDAQ:DKNG)

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