Dorsey's Block to invest 10% of bitcoin profits into BTC each month, shares rise on Q1 earnings beat

  • 📰 TheBlock__
  • ⏱ Reading Time:
  • 34 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 17%
  • Publisher: 53%

Block Noticias

Colombia Últimas Noticias,Colombia Titulares

Jack Dorsey's Block will be investing 10% of its gross profit from bitcoin products into bitcoin purchases and will open-source its treasury.

Block shares were trading higher in the after-hours session Thursday following first-quarter earnings that beat analysts' expectations.

Notably, the Jack Dorsey-led company also announced it will begin adding more bitcoin to its balance sheet and is open-sourcing its treasury blueprint so others can follow suit. "We believe the world needs an open protocol for money, one that’s not owned or controlled by any single entity. We believe bitcoin is the best and only candidate to be that protocol, and to ultimately become the native currency of the internet," wrote Dorsey in the letter.

The total sale amount of bitcoin sold to customers, which it recognizes as bitcoin revenue, was $2.73 billion and had a gross profit of $80 million in the first quarter, the company said.

Hemos resumido esta noticia para que puedas leerla rápidamente. Si estás interesado en la noticia, puedes leer el texto completo aquí. Leer más:

 /  🏆 464. in CO
 

Gracias por tu comentario. Tu comentario será publicado después de ser revisado.

Colombia Últimas Noticias, Colombia Titulares

Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.

BCH Soars 10% After Completing Second Halving, BTC Sluggish at $66K (Market Watch)Crypto Blog
Fuente: Crypto_Potato - 🏆 568. / 51 Leer más »

These Are The Biggest Altcoin Losers as Bitcoin (BTC) Dropped to 10-Day Lows (Market Watch)Crypto Blog
Fuente: Crypto_Potato - 🏆 568. / 51 Leer más »