🔥 Urgent: Jack Dorsey's Block Company Adds 108 $BTC in Q2, Raising Its Total Holdings to 8,692 $BTC Worth $1 Billion!
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📈 Most Important News:
* Block, owned by Jack Dorsey, announced its latest Bitcoin holdings in its Q2 earnings report.
* The company added 108 Bitcoin ($BTC) to its treasury this quarter.
* With this addition, the company's total Bitcoin holdings reach 8,692 $BTC, with a total value of approximately $1 billion.
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💡 What Does This Mean?
* This move is seen as a continuation of Block's commitment to adopting Bitcoin as a reserve asset on its balance sheet, affirming institutional confidence in the future of the currency.
* This ongoing accumulation demonstrates that major companies still view Bitcoin as a strategic asset of long-term value, despite short-term price volatility.
* These purchases bolster Block's position as one of the largest public companies holding Bitcoin, encouraging other companies to consider adopting the same approach.
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❓ How can major companies like Block influence Bitcoin's price movement through their holding strategies?
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