Cathie Wood's investment firm, Ark Invest, has made changes to its portfolio by purchasing shares in Block Inc, led by Jack Dorsey, and selling a portion of its holdings in the Grayscale Bitcoin Trust. Ark Invest bought 113,326 shares of Block Inc. worth $5.61 million, while also reducing its investment in the Grayscale Bitcoin Trust by selling shares worth $3.76 million. This is part of a trend where Ark Invest has been trimming its investments in cryptocurrency trusts. Cathie Wood has previously expressed confidence in Grayscale and Bitcoin, stating in a Bloomberg interview that she believes the price of Bitcoin will reach $1 million by 2030.
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