Express

Jack Dorsey’s Block Plans To Invest In Bitcoin On A Monthly Basis

Mary Liu

Summary: Jack Dorsey's payment company Block has begun implementing a dollar cost averaging (DCA) plan, to use 10% of its Bitcoin business gross profits to invest in Bitcoin every month. According to its first-quarter financial report, Block’s Bitcoin gross profit was $80 million. If this level of profits continues into the second half of the year, ...

Jack Dorsey's payment company Block has begun implementing a dollar cost averaging (DCA) plan, to use 10% of its Bitcoin business gross profits to invest in Bitcoin every month.

According to its first-quarter financial report, Block’s Bitcoin gross profit was $80 million. If this level of profits continues into the second half of the year, the company will add another $24 million worth of Bitcoin to its balance sheet.

Last Update:

Tags: ,,
Link: Jack Dorsey’s Block Plans To Invest In Bitcoin On A Monthly Basis   [Copy]
Next:

Related Articles

  • GAEA Chat Singapore Concludes Successfully - A Recap of the Industry Thought Feast Duri... 11 days ago
  • U.S. SEC Clears Path for Institutional Crypto Custody, Recognizing State Trust Companie... 16 days ago
  • BTC Weekly Watch: Is the Rebound "Feast" Nearing Its End? September 16, 2025
  • ​The Crypto Treasury Boom Meets Regulatory Chill: Is the DAT Frenzy Fading? September 9, 2025
  • Nasdaq Takes Aim at 'Crypto-Flipping' Companies with Stricter Rules September 5, 2025

    • You need to login to comment.