Jack Dorsey's Block kept stacking bitcoin in Q3, adding 120 BTC to its balance sheet.
• Block held about 9,237 BTC on September 30, up from 9,117 at the end of June
• Its bitcoin was valued at $771.9 million, against a cost basis of $318.6 million
• The quarter brought a $229.7 million remeasurement gain on that bitcoin
Why it matters: Block is one of the larger public-company bitcoin holders, and it keeps adding small amounts every quarter.
Source: Block 10-Q filing (SEC)
Not financial advice.
💬 Should more public companies hold bitcoin on their balance sheet? Share your view below.
$BTC #Block #BitcoinTreasury
• Block held about 9,237 BTC on September 30, up from 9,117 at the end of June
• Its bitcoin was valued at $771.9 million, against a cost basis of $318.6 million
• The quarter brought a $229.7 million remeasurement gain on that bitcoin
Why it matters: Block is one of the larger public-company bitcoin holders, and it keeps adding small amounts every quarter.
Source: Block 10-Q filing (SEC)
Not financial advice.
💬 Should more public companies hold bitcoin on their balance sheet? Share your view below.
$BTC #Block #BitcoinTreasury