Jack Dorsey’s Block Boosts BTC Holdings in Q2 as Earnings Beat Wall Street Expectations
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Jack Dorsi Block Platform charged 108 bitcoins - World Stock Market
According to the report submitted by the Block Finding Company Jack Dorsey (Jack Dorsey) to the US Securities and Exchange Commission (SEC), in the second quarter the company bought 108 bitcoins, bringing the total BTC on the corporate balance to 8692. The total investment of Block in bitcoins amounted to $ 1.15 billion at a price of about $ 117,000. Block reported the total revenue of $ 6.05 billion in the second quarter. This is 1.5% more th…
Block Surges 10% Pre-Market As Jack Dorsey’s Firm Extends Saylorization Trend – #CryptoUpdatesGNIT
Jack Dorsey’s Block saw its XYZ stock surge on Friday in pre-market trading following reports that the firm added more Bitcoin (BTC) to its stockpile in the second quarter (Q2). Block is one of the firms accelerating the Saylorization flywheel as corporate Bitcoin adoption grows. Block Increased Its Holdings By 108 Bitcoins In Q2 Filings with the US SEC (Securities and Exchange Commission) show Jack Dorsey’s Block Inc. bought 108 BTC in Q2. At t…
Block CFO Says Bitcoin Can Be the Open Protocol That Powers the Internet
Block Inc. CFO Amrita Ahuja believes that Bitcoin can become the open protocol that powers the internet. She argues that it would enable money to move at the speed of the internet and allow it to flow across jurisdictions with far greater efficiency. Ahuja shared this perspective while speaking on CNBC today, following the company’s Q2 earnings report. She said the fintech giant has been making disciplined investments in Bitcoin for years, spann…
LATEST: Jack Dorsey’s Block Inc. Reports 14% Q2 Growth, Shares Jump Higher
Jack Dorsey’s Block Inc. delivered robust second-quarter results, sending its shares up 6% in after-hours trading on Thursday. The company reported $2.54 billion in gross profit for the quarter, marking a 14% year-on-year jump. In a letter to shareholders, Block raised its 2025 gross profit outlook to $10.17 billion, up from a previous estimate of $9.96 billion. Net income attributable to common stockholders surged to $538.46 million, compared t…
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