Block plans to issue $1.5 billion in senior bonds for corporate operations and strategic investments

According to reports, payment service provider Block, Inc. has announced plans to privately issue a total of $1.5 billion in senior bonds. The funds raised will be used for corporate operations, including debt repayment, potential acquisitions, and strategic transactions. Block's brands, Bitkey and Proto, focus on the Bitcoin sector, offering self-custody wallets and Bitcoin mining products and services, as the company is committed to advancing the development of an open financial system.