Cathie Wood-led ARK Investment Management bought over 65,000 shares of Jack Dorsey-owned Block Inc (NYSE:SQ) at an estimated valuation of over $3.9 million, based on Monday’s closing price. The purchase was done through three different ETFs.

Block is a major cryptocurrency-based stock holding in Wood’s portfolio, with the company being the fifth-largest holding in the ARK Innovation ETF (NYSE:ARKK).

Interestingly, in May, Dorsey outlined his vision for the company’s Bitcoin (CRYPTO: BTC)-centric future, saying it no longer wants to be seen as a single-product company.

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The ARK Innovation ETF also holds a significant stake in Coinbase Global Inc (NASDAQ:COIN) and Robinhood Markets Inc (NASDAQ:HOOD). The payments-processing company hired Perry Hothi, who was the former chief technology officer at Argo Blockchain PLC (OTC:ARBKF), for developing its Bitcoin mining division, reported Bloomberg on October 26.

Shares of Block Inc have risen over 7% in the last month.

DraftKings Sale: Wood also sold over 234,000 shares of fantasy sports company DraftKings Inc (NASDAQ:DKNG) at an estimated valuation of over $3.6 million based on Monday’s closing price. DraftKings shares have gained over 20% in the last five days. The company is scheduled to release its third-quarter results on Nov. 4.

On October 20, Deadfellaz, a global NFT ecosystem, and DraftKings Inc announced a collaboration to transform 13 professional football players into limited-edition NFT player cards with Deadfellaz IP.

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