Block Inc. Joint Creation: Starting from April 2024, 10% of the gross profit from Bitcoin-related products will be used to purchase Bitcoin every month
Block Inc. co-founder Jack Dorsey announced that starting from April 2024, Block will take out 10% of the gross profit from Bitcoin-related products every month to purchase Bitcoin. This move was made after Block Inc. reported a substantial profit from Bitcoin trading in the first quarter, which has resulted in the company currently holding 8038 BTC.
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
Turkmenistan passes crypto asset regulation bill, to take effect on January 1 next year
CME: BrokerTec U.S. active markets have resumed trading
CME: All markets remain suspended except for the BrokerTec EU market
A major whale switched from short to long on BTC, with a position valued at $91 million.
Trending news
MoreCrypto prices
More
