Jack Dorsey's Block Mints $207M Profit From Bitcoin Investment, Boosted By Cash App's Appeal Among High Earners

Block Inc. (NASDAQ:SQ), the financial technology company led by former Twitter CEO Jack Dorsey on Thursday reported a rise in profits from its Bitcoin (CRYPTO: BTC) sales made through the Cash App. What Happened: In the fourth quarter of 2023, the company saw a gross profit of $66 million—marking a 90% boost year-over-year.

Sentiment Result : Positive