PANews, July 21 news, according to The Block, Twitter co-founder Jack Dorsey's payment platform Block Inc will be included in the S&P 500 index on July 23. After the news was confirmed late Friday, the stock rose 10% in after-hours trading.
Block Inc is a technology company that operates multiple business units within the digital asset ecosystem. Its Bitkey brand is a simple self-custody wallet built for Bitcoin, while Proto is a suite of Bitcoin mining products and services. Last summer, Block began investing 10% of its Bitcoin profits into BTC each month and open-sourced its financial blueprint for others to follow.
Previously, on July 19, it was reported that Block would join the S&P 500 index, but no specific date was mentioned.
