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Block Is Buying Bitcoin Every Month for Its Balance Sheet
4.5.2024
Block Inc. has announced its strategy of regularly purchasing bitcoin for its corporate balance sheet via dollar-cost averaging (DCA). The company plans to allocate 10% of its monthly gross profit from bitcoin products towards investments in the cryptocurrency. “We view bitcoin as...
Square merchants can now convert up to 10% of sales to Bitcoin via CashApp
25.4.2024
Block gets one percent of every conversion
Block Unveils Bitcoin Conversion Feature for Square Merchants
25.4.2024
On Wednesday, Block, the financial services firm, disclosed that merchants using Square can convert their daily sales into bitcoin through the Cash App. Block’s founder, Jack Dorsey, revealed this update on X, and as of today, merchants have the option to transfer between 1-10% of their...
Jack Dorsey’s Block had $5.62B in revenue, $44M in Bitcoin profits in Q3
3.11.2023
Block didn’t incur any impairment loss on its Bitcoin holdings, and Bitcoin revenue contributed as much as 43% of its total revenue
Jack Dorsey’s TBD launches ‘C=’ to improve Bitcoin Lightning Network
4.3.2023
C= (pronounced C equals) aims to further the reach of the Bitcoin Lightning Network through added liquidity and routing services
Cash App integrates Bitcoin Lightning Network for faster BTC transfers
12.1.2022
The Layer 2 protocol addresses the historic limitations of the BTC blockchain to improve speeds while reducing the costs associated with the transactions
BREAKING: Square rebrands to Block as focus shifts to blockchain
1.12.2021
“Block is a new name, but our purpose of economic empowerment remains the same. No matter how we grow or change, we will continue to build tools to help increase access to the economy," said Jack Dorsey
Jack Dorsey Resigning as CEO of Twitter Is Bullish for Crypto, Says Fundstrat
30.11.2021
Twitter now has a new chief executive officer after Jack Dorsey resigned Monday. Dorsey, who is still the CEO of Square Inc., previously said that he wants to focus on bitcoin. Fundstrat Global Advisors’ managing director and head of research explained why Dorsey’s departure from...
DeFi on Bitcoin: Jack Dorsey launches new Square division to make it 'easy'
16.7.2021
Jack Dorsey has outlined plans to build an open developer platform focused on creating Bitcoin DeFi services
Jack Dorsey’s Square Building Bitcoin Hardware Wallet to Make Crypto Custody More Mainstream
9.7.2021
Jack Dorsey’s payments company, Square Inc., has confirmed that it is building a bitcoin hardware wallet and service with the aim to “make bitcoin custody more mainstream.” Square’s Bitcoin Hardware Wallet in the Works Square Inc. is building a hardware wallet, Jesse...
Jack Dorsey confirms Square is building an ‘assisted custody’ BTC hardware wallet
9.7.2021
Jack Dorsey and hardware lead Jesse Dorogusker have both confirmed Square’s plans to develop a Bitcoin hardware wallet
Jack Dorsey outlines Square’s tentative plans for Bitcoin hardware wallet
4.6.2021
“Bitcoin is for everyone. It’s important to us to build an inclusive product that brings a non-custodial solution to the global market,” the CEO said
Square Adds $170 Million More in Bitcoin to Balance Sheet — Company Now Holds 5% of Total Cash Reserves in BTC
24.2.2021
Square has bought more bitcoin, adding $170 million worth of the cryptocurrency to its balance sheet. The company now holds 5% of its cash reserves in bitcoin. Its Cash App was used by more than three million customers to purchase or sell the cryptocurrency last year. $170 Million Bitcoin Purchase...
Jack Dorsey's Square commits $10M to green energy for Bitcoin mining
8.12.2020
The new Bitcoin Clean Energy Investment Initiative will aim to make mining more eco-friendly
Dorsey’s Crypto-Friendly Firm Square Joins Paycheck Protection Program
14.4.2020
Jack Dorsey’s Square Capital is among the first crypto-friendly firms to officially join the U.S. federal emergency lending program
Jack Dorsey: Mass Crypto Adoption Will Transform Square’s Business
4.9.2019
As crypto becomes more widely used, Square will transition to providing a broader range of “internet services” rather than just fintech, Jack Dorsey predicted