📊 Jack Dorsey’s Block Doubles Down on Bitcoin as Earnings Soar

📢 Block Inc. (NYSE: SQ) is leaning further into Bitcoin — and the numbers show it’s paying off.

🔑 Key Highlights from Q2:

• Added 108 BTC, bringing total holdings to 8,692 BTC — aligned with Jack Dorsey’s vision of BTC in the digital economy

• Revenue: $6.05B (+ Wall Street beat)

• Gross profit: $2.54B (+8.2%), fueled largely by Bitcoin-related revenue from Cash App

• Cash App gross profit: $1.50B (+16% YoY), boosted by Borrow short-term lending, Cash App cards, and BNPL services

• BTC revaluation loss of $212.17M this quarter vs. a $70.12M gain last year (price volatility impact)

• CFO Amrita Ahuja: 2025 acceleration will come from deeper engagement with existing users, not user growth (currently ~57M monthly transactors)

🚀 With earnings far exceeding expectations and a boosted full-year profit outlook, Block is showing how fintech innovation + strategic Bitcoin integration can drive results — even amid crypto volatility.

#Bitcoin #Fintech #Block #CashApp #Crypto

https://coingape.com/jack-dorseys-block-boosts-btc-holdings-in-q2-as-earnings-beat-wall-street-expectations/?utm_source=bnb&utm_medium=coingape