Block, led by Jack Dorsey, reported a significant increase in its Bitcoin-related revenue in Q4, with sales amounting to $2.52 billion, marking a 37% year-over-year increase. Additionally, three years after purchasing 3,300 Bitcoin for its corporate treasury, Block's Bitcoin holdings have grown to over 8,000 BTC, now valued at approximately $500,000,000,000. This strategic holding has resulted in Block being over $207 million in profit from its Bitcoin treasury investment.
Sources
Bitcoin Archive
🔸Jack Dorsey’s Block is $207M in profit on its #Bitcoin holdings! 🙌 https://t.co/GaMpUWEG3y
Bitcoin Magazine JUST IN: Jack Dorsey's Block is now up over $200 million on its #Bitcoin treasury investment Legendary HODL 🔥 https://t.co/RBJBXiNG2d
The Bitcoin Historian ✨ Exactly 3 years ago, Jack Dorsey bought 3,300 #Bitcoin for Square's corporate treasury Today, Block is still HODLing all its $BTC 💎🤲 https://t.co/cVvYGlpNTz
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