CoinVoice has recently learned that, according to the latest market information, U.S. stock Block (stock code: XYZ) rose over 11% after hours, with a market capitalization rising to $43.5 billion. It was previously reported that Jack Dorsey's payment company will join the S&P 500 index. Earlier reports indicated that on May 3, 2024, Jack Dorsey's payment company announced its DCA (Dollar Cost Averaging) plan for Bitcoin, which states that 10% of the monthly gross profit from Bitcoin Conversions Product will be used to purchase Bitcoin for investment. Previous data showed that the gross profit from the Bitcoin Conversions Product in the first quarter was $80 million. If this level of profit can be sustained for the remainder of the year, the company will add an additional $24 million in Bitcoin to its balance sheet under this plan. As of March 31, 2024, the company holds 8,038 Bitcoins on its balance sheet, accounting for about 9% of total cash, cash equivalents, and marketable securities. [Original link]
