Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesBotsEarnCopy
Fintech firm Block’s Bitcoin revenue surges nearly 40% year-on-year

Fintech firm Block’s Bitcoin revenue surges nearly 40% year-on-year

CointimeCointime2023/11/03 01:39
By:Cointime

On November 3rd, Jack Dorsey's financial technology company Block (formerly Square) announced third-quarter financial results that exceeded analyst expectations, with significant growth in bitcoin revenue leading to a sharp increase in stock price in after-hours trading. The company's latest financial data shows that compared to the same period last year, its bitcoin business revenue grew by 37.5%, from $1.76 billion to $2.42 billion. The gross profit the company received from its bitcoin business also increased, from $36 million last year to $44 million.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!

You may also like

Experts Anticipate a Surge for SUI Cryptocurrency Based on Positive Indicators

In Brief SUI cryptocurrency shows optimism through positive technical indicators. Experts believe SUI is poised for a potential upward movement. Institutional predictions suggest significant price levels could be reached for SUI.

Cointurk2025/04/22 23:33
Experts Anticipate a Surge for SUI Cryptocurrency Based on Positive Indicators

Massive OM Token Burn Sparks Investor Debate and Market Tension

In Brief Mullin announced a significant burn of 300 million OM tokens to reduce supply. Investor confidence is shaken as whale movements raise concerns about potential sell-offs. Market sentiment remains crucial as analysts call for additional measures for recovery.

Cointurk2025/04/22 23:33
Massive OM Token Burn Sparks Investor Debate and Market Tension