Jack Dorsey’s Block on Track to Sell $10 Billion Worth of BTC This Year
HODL15Capital, a Bitcoin investment firm, believes Jack Dorsey’s digital assets payment solution, Block, would likely sell up to $10 billion worth of BTC this year. In a recent post on X, HODL15Capital revealed via Block’s condensed consolidated statement of operations that the firm earned over $5.3 billion in Bitcoin revenue in the first half of 2024.
@jack 's Block, Inc. (aka Square), $SQ, on pace to sell $10 Billion worth of #Bitcoin this year
— HODL15Capital@CashApp pic.twitter.com/gGs1lxcL4w
(@HODL15Capital) August 25, 2024
According to Block’s unaudited report, the digital asset payments firm earned over $12.1 billion in the first half of 2024. The revenue earned spreads across transaction-based revenue, which amounted to over $3.2 billion, subscription and services-based revenue, amounting to over $3.4 billion, and hardware revenue worth over $75.4 million.
Notably, Block’s unaudited condensed consolidated statement for the first half of 2024 reflects a total revenue increase of over $1.5 billion YoY. Meanwhile, HODL15Capital reported that Block also held Bitcoin worth $1.44 billion for users as of the last day of June 2024.
Analysts link Blo…
The post Jack Dorsey’s Block on Track to Sell $10 Billion Worth of BTC This Year appeared first on Coin Edition.
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Jack Dorsey’s Block on Track to Sell $10 Billion Worth of BTC This Year
HODL15Capital, a Bitcoin investment firm, believes Jack Dorsey’s digital assets payment solution, Block, would likely sell up to $10 billion worth of BTC this year. In a recent post on X, HODL15Capital revealed via Block’s condensed consolidated statement of operations that the firm earned over $5.3 billion in Bitcoin revenue in the first half of 2024.
@jack 's Block, Inc. (aka Square), $SQ, on pace to sell $10 Billion worth of #Bitcoin this year
— HODL15Capital
According to Block’s unaudited report, the digital asset payments firm earned over $12.1 billion in the first half of 2024. The revenue earned spreads across transaction-based revenue, which amounted to over $3.2 billion, subscription and services-based revenue, amounting to over $3.4 billion, and hardware revenue worth over $75.4 million.
Notably, Block’s unaudited condensed consolidated statement for the first half of 2024 reflects a total revenue increase of over $1.5 billion YoY. Meanwhile, HODL15Capital reported that Block also held Bitcoin worth $1.44 billion for users as of the last day of June 2024.
Analysts link Blo…
The post Jack Dorsey’s Block on Track to Sell $10 Billion Worth of BTC This Year appeared first on Coin Edition.
Read More
ETF Rally Gains Steam With $865 Million Inflow Surge for Bitcoin and Ether