Block plans to invest 10% of its gross profit from bitcoin products each month into bitcoin purchases; its $220M BTC investment grew by ~160% to $573M as of Q1 (Paige Smith/Bloomberg)

Paige Smith / Bloomberg:
Block plans to invest 10% of its gross profit from bitcoin products each month into bitcoin purchases; its $220M BTC investment grew by ~160% to $573M as of Q1  —  - Jack Dorsey's digital payments firm lifts 2024 profit outlook  — Bitcoin is best candidate for open money protocol: Dorsey

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