ARK Invest sold another $74.1 million inTwitter shares on Thursday, after Wednesday's near $26.5 million sale.- ARK scooped up more
Block stock, bringing its purchases over two days to $94 million as it invests further incrypto .
ARK's series of funds sold a combined 2 million shares in Twitter for $74.1 million on Thursday, when the Nasdaq 100 staged its biggest one-day drop in about 17 months after Facebook parent Meta's disappointing earnings.
Wood's funds already sold $26.5 million in Twitter stock the previous day. At the same time, it's doubling down on its holdings of online payments company Block, previously known as Square.
Block, which is run by Twitter founder Jack Dorsey, has been caught up in the rout in
Wood, who is a big proponent of cryptocurrencies, bought another 300,000 shares in Block for $31.7 million on Thursday. Her funds previously bought almost 550,000 shares in the company for about $62.6 million on Wednesday.
Even as bitcoin has struggled to hold above $37,000 and ether - the second-biggest digital coin - has remained below $2,800, Wood is still a fan. "We have high conviction in both," she said in a Tuesday forum on the Public trading app.
"Bitcoin is the most profound application of public blockchains, the foundation of 'self-sovereign' digital money," Wood wrote in the forum. She said bitcoin has started a revolution for decentralized finance and the future internet.