Block reports $1.73 billion in bitcoin sales via Cash App during Q1 2022
Block, formerly known as Square, said Thursday that it generated $1.73 billion worth of bitcoin sales via Cash App during 2022's first quarter.During that period, these sales generated $43 million in bitcoin gross profit, per the shareholder letter released after the close of market.
During the fourth quarter of 2021, Cash App brought in $1.96 billion worth of bitcoin sales, producing $46 million in gross profits from bitcoin. Broken out annually, the firm's 2021 haul came in at just over $10 billion in bitcoin sales, representing $218 million in gross profit in that category. Block will hold an investor call at 5 p.m. ET to discuss the results.
Source
Join @Crypto_Publisher
Contact us @Crypto_Marcus
