Holding Bitcoin Paid Block 4x More Than Selling It to Cash App Users

Jack Dorsey’s Block booked a $229.7 million gain on its Bitcoin (BTC) holdings in the third quarter. That gain was more than 4 times the $52 million gross profit its Bitcoin business earned. Block stock rose 5.84% to $80.44 in after-hours trading on November 3, from a $76.00 close. The company topped its own guidance, The post Holding Bitcoin Paid Block 4x More Than Selling It to Cash App Users appeared first on BeInCrypto.