Ark Sells $6.1 Million in Block Shares, Buys $16.2 Million in NVIDIA
Key Facts
Ark sold 68,997 shares of Block worth $6.1 million on Monday, November 9, and bought $16.2 million worth of NVIDIA shares in the same session, according to The Block. It also bought $6.8 million worth of SoFi shares, making the day’s trades a mix of purchases in the two companies and sales of Block and other assets. The sales included 49,767 Bullish shares worth $1.1 million, along with $1.6 million worth of shares in the ARK 21Shares Bitcoin ETF. The moves therefore extended beyond the two trades that led the activity, also covering shares tied to the digital-asset market and an Ark bitcoin fund. These figures represent individual trades carried out by the company during one session; Ark did not specify the rationale for each trade in the published information.
Ark’s sale of Block shares came in a session when the stock rose 3.6% and closed at $88.56, according to The Block. Bullish shares, meanwhile, rose 7% to close at $22.80, despite Ark selling $1.1 million worth of the stock. SoFi gained 3.33% to $16.75, alongside Ark’s purchase of $6.8 million worth of its shares. NVIDIA, whose shares Ark bought for $16.2 million, fell 4.27% and closed at $178.67. The session’s moves show the four stocks heading in different directions: Block, Bullish and SoFi rose, while NVIDIA fell, according to the prices and changes reported by The Block.
EL7 data puts NVIDIA’s November 9 close at $178.67, following closes of $206.69 on November 3 and $200.13 on November 4. The stock then recorded $181.60 on November 5, before rising to $186.64 on November 6 and ending the November 9 session at $178.67. These daily closes provide context for the stock’s movement during the trading days preceding the trade, while Monday saw a 4.27% decline, according to The Block. The report also noted that the NVIDIA purchases followed a smaller purchase of 405 shares on November 6, according to an Investing.com report citing Reuters. This provides a dated sequence of Ark’s purchases in the stock across the two sessions, but does not by itself establish why the buying increased on Monday.
The trades come within Ark’s actively managed funds, which may trade during market hours, according to the ARK Funds help center, so their holdings can change daily. The company says holdings files are updated at the end of each trading day and trade notifications are published only after trades have been completed at the end of the day. Ark also describes the notifications as informational and says they do not constitute an endorsement of any company or a recommendation to buy, sell or hold a security. The company further says its trade files are unofficial and not final reconciliations, and that official accounting and custody for its funds are handled by BNY Mellon. This disclosure places the day’s trades in the context of daily tracking of actively managed fund holdings, while clarifying the nature of the files Ark publishes.
Elsewhere in the session’s trading, ARK sold 8,509 Palantir shares through the ARKF fund, valued at $1,364,673, according to an Investing.com report citing Reuters. The trade adds to the sales of Block, Bullish and the bitcoin fund, while the disclosed purchases included NVIDIA and SoFi. The report gives no specific reason for the Palantir sale and does not link it to a broader sector strategy. Against the backdrop of NVIDIA’s stock, the company reported revenue of $96.2 billion in its August 26 release, exceeding revenue expectations of $91.9 billion, according to the company’s results page on Investing.com. That figure relates to an earlier period and is not an indicator of results in the November 9 session.
NVIDIA’s results page lists November 17, 2026, as the date of its next earnings report. That date follows Ark’s November 9 trades, which included a $16.2 million purchase of NVIDIA shares as the stock fell the same day. Under Ark’s policy, trade notifications are published after execution is complete at the end of the trading day, while holdings are updated at day’s end. This process allows daily changes in actively managed fund holdings to be tracked, but does not itself explain buy and sell decisions. The listed earnings report date is the next scheduled event for the company in the available information.