According to PANews, financial technology company Block, led by former Twitter CEO Jack Dorsey, has achieved $207 million in revenue from Bitcoin investments through its Cash App. The company saw a 90% year-on-year increase in gross profit from Bitcoin sales via Cash App, reaching $66 million in the previous quarter. Following the release of its earnings report for the fourth quarter of 2023, Block's stock price rose 12.35% in after-hours trading.
Block Reports $207 Million in Bitcoin Investment Revenue Through Cash App
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