Block Diversifies Portfolio, Dedicates 10% of Bitcoin (BTC) Gross Profit to Monthly Crypto Investments
full version at en.coinotag
- Block, Inc., led by Twitter co-founder Jack Dorsey, announces plans to invest 10% of its gross profit from Bitcoin products into buying Bitcoin every month.
- The company currently holds 8,038 BTC, valued at $573 million, with reported paper gains of $233 million.
- Gross profit from Bitcoin products surged nearly 60% year-on-year to $80.1 million.
Block, Inc., led by Twitter co-founder Jack Dorsey, signals strong confidence in Bitcoin with plans to invest 10% of its gross profit from Bitcoin products into buying more of the cryptocurrency every month.
