Cathie Wood Dumps Jack Dorsey's Block As Bitcoin Flirts With All-Time Highs, Bets $8.8 million On Tempus AI

On Wednesday, theCathie Wood-ledArk Investmade a significant move by purchasing a substantial number of shares inTempus AI Inc.TEMand selling shares ofBlock Inc.XYZ. The trades were executed through the ARKG and ARKK ETFs.The Tempus AI Tradesaw Ark Invest acquiring a combined total of 150,563 shares ofTempusacrossARK Genomic Revolution ETFARKGandARK Innovation ETFARKK. The ARKG ETF added 19,582 shares, while the ARKK ETF purchased 130,981 shares. Tempus AI’s first-quarter financial results were impressive; the company reported revenue of $255.74 million, surpassing the estimated $248.13 million figure. Additionally, Tempus AI’s adjusted loss per share was narrower than expected, signaling a positive outlook for the AI-focused precision medicine company. The total value of the shares acquired by Ark Invest is $8.8 million based on the stock’s closing price of $58.41 on Wednesday.The Block Tradeinvolved Ark Invest selling 96,503 shares of theBitcoinBTC/USD-focused company through its ARKK ETF. The trade was valued at $6.6 million. Block shares ended the day at $69.01. Notably, Bitcoin, the apex cryptocurrency, hovered near all-time highs of $111,148.02 at the time of writing.This decision comes amid recent developments at Block, where CEOJack Dorseyunveiled anew decentralized messaging servicecalledBitchat. The service, which operates over Bluetooth, represents Block’s ongoing efforts to innovate and expand its technological offerings.Other Key Trades:Sold 5,627 shares ofVeeva Systems Inc(VEEV) through the ARKG ETF.Sold 50,823 shares ofRoku Inc(ROKU) through the ARKK ETF.Loading...Loading...Read Next:Scott Bessent Never ‘Made Time’ For Japan’s Trade Negotiator, Says Economist, Yet The US Ally Got Hit With Trump Tariffs — How Should Tokyo Make Sense Of This?Photo Courtesy: ChrisStock82 on Shutterstock.comThis story was generated usingBenzinga Neuroand edited byShivdeep Dhaliwal$BTCBitcoin$111170.91-0.10%Stock Score Locked: Want to See it?Benzinga Rankings give you vital metrics on any stock – anytime.Reveal Full ScoreEdge RankingsMomentum95.94Price TrendShortMediumLongOverviewARKGARK Genomic Revolution ETF$26.304.82%ARKKARK Innovation ETF$72.552.33%TEMTempus AI Inc$58.780.46%XYZBlock Inc$69.011.72%Market News and Data brought to you by Benzinga APIs© 2025 Benzinga.com. . .Posted In:EquitiesNewsMarketsETFsARK InvestARK Invest ETFsartificial intelligenceBitcoinBlockCathie WoodETFsJack DorseyShivdeep DhaliwalTempus Ai