Bitcoin

Block

April

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<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

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