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

Ark, through its flagship Ark Innovation ETF ARKK , and Ark Next Generation Internet ETF ARKW , and Ark Fintech Innovation ETF ARKF , bought 227,365 shares of Block valued at $15.06 million.

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 BTC/USD 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 slumpas the SEC crackdown onBinanceandCoinbase Global Inchas 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. SQ Sale of 68,239 shares of DraftKings, Inc. DKNG

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