Bitcoin

Block

April

Read

<div class="code-block-grte code-block-grte-8" style="margin: 8px auto 8px 0; text-align: left; display: block; clear: both;"> 
 <table style="width: 100%; border-collapse:"> 
  <tbody> 
   <tr> 
    <td style="width: 100%; text-align: left;"><a href="https://en.coinotag.com/altcoin-exchange-1333421/" target="_blank" rel="noopener"><strong><span style="color: #000000;">Before you reading,<br><span style="color: #e67e22;">Don't miss coins like PEPE again! Click here to find new PEPEs!</span></span></strong></a></td> 
   </tr> 
  </tbody> 
 </table>
</div> 
<ul> 
 <li>Block, formerly known as Square, Inc, has announced plans to buy Bitcoin with 10% of its gross profits from Bitcoin-related products and services.</li> 
 <li>The company will be acquiring Bitcoin on a monthly basis as part of a “principled investment approach”.</li> 
 <li>Block’s first-quarter revenue included $2.7 billion from Bitcoin sold to customers, and the company also launched a service last month that allows companies to convert up to 10% of their revenue into Bitcoin automatically.</li> 
</ul> 
<p><strong>Block, previously Square, Inc, is set to invest 10% of its gross profits from Bitcoin-related services into Bitcoin purchases. This move is part of a long-term investment strategy, reflecting the company’s strong commitment to the cryptocurrency.</strong></p> 
<h2 id="strong-block-s-bitcoin-investment-plan-strong"><strong>Block’s Bitcoin Investment Plan</strong></h2> 
<p>During its recent earnings call, Block detailed a months-long plan to buy Bitcoin with 10% of its gross profits from Bitcoin-related products and services. The company implemented a Bitcoin dollar cost average (DCA) purchase program in April that will run through 2024. This approach of acquiring Bitcoin on a monthly basis is seen by the company as a “principled investment approach” rather than “purchasing Bitcoin in lump sums”.</p> 
<h3 id="strong-block-s-financial-performance-and-bitcoin-revenu-a-href-https-en-coinotag-com-block-btc-to-reinvest-10-of-bitcoin-profits-jack-dorseys-strategic-crypto-move-read-the-full-article-for-free-at-coinotag-a-strong"><strong>Block’s Financial Performance and Bitcoin Revenu... <a href="https://en.coinotag.com/block-btc-to-reinvest-10-of-bitcoin-profits-jack-dorseys-strategic-crypto-move/">Read the full article for FREE at COINOTAG!</a></strong></h3>

Block (BTC) to Reinvest 10% of Bitcoin Profits: Jack Dorsey’s Strategic Crypto Move

Obsah

CO NEWS

Ďalšie články zverejnené 3. 5. 2024

Major US Exchange Announces Shiba Inu Trading Expansion With New SHIB Listing

Crypto Market Recovers as Some Coins Trade Below $0.10

Bitcoin Hits Bottom, Higher Prices to Follow: Arthur Hayes

Tesla Pledges Over $10 Billion Investment in AI for Autonomous Driving Advancements in 2024

Crypto Market Sees Notable Growth

Massive $2.4B Bitcoin and Ether Options Expiry Looms; BTC’s Maximum Pain Point at $61K

Pripojte sa k nášmu bezplatnému bulletinu a získajte denné aktualizácie kryptomien!