Fintech firm Block’s Bitcoin revenue surges nearly 40% year-on-year
On November 3rd, Jack Dorsey's financial technology company Block (formerly Square) announced third-quarter financial results that exceeded analyst expectations, with significant growth in bitcoin revenue leading to a sharp increase in stock price in after-hours trading. The company's latest financial data shows that compared to the same period last year, its bitcoin business revenue grew by 37.5%, from $1.76 billion to $2.42 billion. The gross profit the company received from its bitcoin business also increased, from $36 million last year to $44 million.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Bitget PoolX to list NIGHT(Phase 3): Lock BTC & ETH to share 9,000,000 NIGHT
CandyBomb x NIGHT: Trade to share 2,000,000 NIGHT
Bitget to support USDGO in multi-asset mode for USDT-M Futures
Bitget lists AAOIUSDT, COHRUSDT, BEUSDT, NBISUSDT, IONQUSDT stock perps
