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<ul> 
 <li>Block Inc., led by Jack Dorsey, announces a plan to invest 10% of its monthly Bitcoin-related gross profits into BTC purchases.</li> 
 <li>The company reported Bitcoin-related gross profits of $80 million in Q1 2024, potentially leading to an annual investment of around $24 million in BTC.</li> 
 <li>Dorsey shares a “Bitcoin Blueprint For Corporate Balance Sheets,” encouraging other corporations to integrate BTC into their financial strategies.</li> 
</ul> 
<p><strong>Block Inc., Jack Dorsey’s financial services company, plans to invest a significant portion of its Bitcoin-related profits back into BTC, potentially influencing other corporations to do the same.</strong></p> 
<h2 id="strong-block-inc-s-bitcoin-investment-strategy-strong"><strong>Block Inc.’s Bitcoin Investment Strategy</strong></h2> 
<p>Block Inc. recently announced that it will begin investing 10% of its monthly Bitcoin-related gross profits into BTC purchases. This decision follows the release of the company’s first-quarter earnings for 2024, which showed substantial profits from its Bitcoin operations. If this trend continues, the company could invest approximately $24 million in BTC within one year. The company’s strategy involves purchasing Bitcoin through over-the-counter transactions with a liquidity provider, using a Time-Weighted Average Price (TWAP) to minimize price slippage.</p> 
<h3 id="strong-bitcoin-blueprint-for-corporate-balance-sheets-strong"><strong>Bitcoin Blueprint For Corporate Balance Sheets</strong></h3> 
<p>Jack Dorsey elaborated on the company’s new investment strategy in a recent post, stating, “Block is DCA’ing Bitcoin every month. Here’s how your company can do it too.” He also shared a detailed document titled “Bitcoin Blueprint For Corporate ... <a href="https://en.coinotag.com/block-btc-boosts-crypto-market-jack-dorseys-firm-dedicates-10-of-bitcoin-profits-to-monthly-btc-purchases/">Read the full article for FREE at COINOTAG!</a></p>

Block (BTC) Boosts Crypto Market: Jack Dorsey’s Firm Dedicates 10% of Bitcoin Profits to Monthly BTC Purchases

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