2024

Bitcoin

Block

Billion

<ul class="wp-block-list news-points"> 
 <li><strong>Block is on pace to sell $10 billion worth of BTC this year.</strong></li> 
 <li><strong>The firm earned over $5.3 billion in Bitcoin revenue in the first half of 2024.</strong></li> 
 <li><strong>Block’s H1 2024 revenue reflects a total increase of over $1.5 billion YoY.</strong></li> 
</ul>   
<p>HODL15Capital, a Bitcoin investment firm, believes Jack Dorsey’s digital assets payment solution, Block, would likely sell up to $10 billion worth of BTC this year. In a recent post on X, HODL15Capital revealed via Block’s condensed consolidated statement of operations that the firm earned over $5.3 billion in Bitcoin revenue in the first half of 2024.</p>   
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   <p lang="en" dir="ltr"><a href="https://twitter.com/jack?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">@jack</a> 's Block, Inc. (aka Square), <a href="https://twitter.com/search?q=%24SQ&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">$SQ</a>, on pace to sell $10 Billion worth of <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">#Bitcoin</a> this year <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f447.png" alt="👇" class="wp-smiley" style="height: 1em; max-height: 1em;"> <a href="https://twitter.com/CashApp?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">@CashApp</a> <a href="https://t.co/gGs1lxcL4w" target="_blank" rel="nofollow">pic.twitter.com/gGs1lxcL4w</a></p>— HODL15Capital 
   <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f1fa-1f1f8.png" alt="🇺🇸" class="wp-smiley" style="height: 1em; max-height: 1em;"> (@HODL15Capital) <a href="https://twitter.com/HODL15Capital/status/1827543197712617680?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">August 25, 2024</a>
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<p>According to Block’s unaudited report, the digital asset payments firm earned over $12.1 billion in the first half of 2024. The revenue earned spreads across transaction-based revenue, which amounted to over $3.2 billion, subscription and services-based revenue, amounting to over $3.4 billion, and hardware revenue worth over $75.4 million.</p>   
<p>Notably, Block’s unaudited condensed consolidated …</p>
<p>The post <a href="https://coinedition.com/jack-dorseys-block-on-track-to-sell-10-billion-worth-of-btc-this-year/">Jack Dorsey’s Block on Track to Sell $10 Billion Worth of BTC This Year</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.</p>

Jack Dorsey’s Block on Track to Sell $10 Billion Worth of BTC This Year

Coin Edition

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