Jack Dorsey's Block Will Reinvest 10% of Bitcoin Profits Into | Bitcoin Magazine
Jack Dorsey's Block Will Reinvest 10% of Bitcoin Profits Into BTC
Block, formerly known as Square, Inc, detailed a months-long plan during its earnings call Thursday to buy Bitcoin with 10% of its gross profits from Bitcoin-related products and services. “In April, Block implemented a Bitcoin dollar cost average (DCA) purchase program that will run through 2024,” the company said in a blog post. “Under the program, Block will be investing 10% of its gross profit from Bitcoin products into Bitcoin purchases.”.
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