Block posts 34% increase in Bitcoin revenue in Q2 but shares stumble
Bitcoin profits on Block’s Cash App dropped slightly from the first quarter of 2023 but remain up 7% from this time last year.
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Cash App’s Bitcoin Revenue Grew 119% in 2021, Gross Profit From BTC Rose 124%
Popular mobile payment platform Cash App, developed by Jack Dorsey’s Block Inc., generated $10 billion in bitcoin revenue and $218 million in bitcoin gross profit in 2021. Compared to the…