Block Inc., led by CEO Jack Dorsey, reported strong first-quarter earnings, surpassing expectations with an EPS of $0.74 and revenue of $5.957 billion, against estimates of $0.73 and $5.821 billion respectively. The company attributed its performance to resilient consumer spending and effective cost management. Additionally, Block announced a new investment strategy, planning to allocate 10% of its gross profit from Bitcoin-related products into purchasing more Bitcoin each month. This move aligns with their broader strategy of investing in the cryptocurrency ecosystem. Block also raised its full-year profit outlook, reflecting confidence in its ongoing financial health and strategic initiatives. Square's profit increased by 19%, and Cash App's profit rose by 25%. Block's international operations contributed $103 million in gross profit, marking a 38% growth year-over-year.