Cash App Records 90% Surge in Bitcoin Sales Gross Profit
In the recently released earnings report for the fourth quarter, Jack Dorsey-led payments firm Block showcased impressive growth in its Bitcoin-related activities. Block, which operates the popular Cash App, disclosed a substantial increase in gross profit from selling bitcoin, reaching $66 million. The report unveiled the total sale amount of bitcoin to customers, denoted as Bitcoin revenue, standing at $2.5 billion for the fourth quarter, indicating a robust 37% year-over-year increase.
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