U.S. stock Block (stock code: XYZ) rose more than 11% after hours, and its market value rose to $43.50 billion.
Previously, it was reported that Block, a payments company owned by Jack Dorsey, will join the S & P 500 index.
It was previously reported that on May 3, 2024, Block, Jack Dorsey's payments company, announced its DCA (fixed investment) plan for Bitcoin, under which Block invests 10% of the monthly gross profit of its Bitcoin Conversions product in buying Bitcoin each month. Previously, the data showed that Block Quarter 1's Bitcoin Conversions product gross profit was $80 million. If this profit level can be sustained through the rest of the year, the company under the plan will add an additional $24 million worth of Bitcoin to its balance sheet.
As of March 31, 2024, Block held 8,038 bitcoins on its balance sheet, representing approximately 9% of Block's total cash, cash equivalents, and marketable securities.
US stock block rose more than 11% after trading, the market value rose to 43.50 billion US dollars
2025-07-18 22:25:28
Disclaimer:
1. The information provided does not constitute investment advice. Investors should make independent decisions and bear all risks themselves.
2. The copyright of this content belongs to the original author. The views expressed herein are solely those of the author and do not represent the stance or position of this website.
Previous article：
美股Block盘后涨超11%，市值升至435亿美元Next article：
德总理：欧美关税谈判进入最后阶段
