Category: Square
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Jack Dorsey’s Block had $5.62B in revenue, $44M in Bitcoin profits in Q3
Block didn’t incur any impairment loss on its Bitcoin holdings, and Bitcoin revenue contributed as much as 43% of its total revenue.
Crypto Biz: Twitter’s DOGE bet, Canada’s new crypto conglomerate, UK banking news
This week’s Crypto Biz explores Canada’s new crypto conglomerate, the recent premature passing of the Cash App creator in San Francisco, as well as DOGE news, and U.K. crypto challenges.
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Cash App creator dies following stabbing in San Francisco
Bob Lee, the creator of Cash App and the former technology chief at Square has died after he was stabbed by an unknown attacker.
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Jack Dorsey’s TBD launches ‘C=’ to improve Bitcoin Lightning Network
C= (pronounced C equals) aims to further the reach of the Bitcoin Lightning Network through added liquidity and routing services.
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Jack Dorsey-led Block posts $1.5B in Q2 profits, BTC revenue down
Block Inc. posted $1.47B worth of profit in Q2 but BTC trading services profit only accounted for $41 million of that figure, with the firm citing price volatility and a lack of consumer demand.
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Jack Dorsey’s Block hits $1.3B in Q1 profits, $43M in BTC trading revenue
Despite that the Bitcoin price trended down over Q1, the Block ecosystem of payment solutions with Bitcoin in mind performed well.
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Cash App’s Bitcoin Revenue Grew 119% in 2021, Gross Profit From BTC Rose 124%
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Block nets $1.18B Q4 gross profit marking a 47% YoY increase
In total, Block generated $4.42 billion worth of gross profit in 2021 marking a total YoY growth of 62%, however, net profit totaled just $77 million.
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Jack Dorsey’s Payments Company Is ‘Officially Building an Open Bitcoin Mining System’
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