#Bitcoin sold to #CashApp users rises to nearly $2.4B in Q2

Block’s Cash App saw the value of its bitcoin sales increase more than $200 million quarter over quarter. 

The total sale amount of bitcoin sold to customers of the mobile payment service during the second quarter of 2023 was $2.39 billion — a year-over-year jump of 34%.

Cash App generated $44 million of bitcoin gross profit during the three months — a figure that factors in costs the company incurred to purchase the asset and make it available for customers. Cash App’s total gross profit was $968 million during the second quarter.

The levels of bitcoin ($BTC ) sold to Cash App customers and bitcoin gross profit were up from $2.16 billion and down from $50 million, respectively, during Q1.