Block Inc. will spend 10% of its gross profit on bitcoin-related products every month from April 2024
2024-05-06 06:05:31
Jack Dorsey, co-founder of payments company Block Inc., announced that starting in April 2024, Block will spend 10% of its gross profit on bitcoin-related products every month to buy bitcoin. The move comes after Block Inc. reported that Quarter 1 made a large profit from bitcoin transactions, leaving the company currently holding 8,038 BTC.
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