Bitcoin
Bitcoin (BTC)
$58,876.00 1.25096
Bitcoin price
Ethereum
Ethereum (ETH)
$3,158.82 0.90637
Ethereum price
BNB
BNB (BNB)
$532.19 -0.00112
BNB price
Solana
Solana (SOL)
$140.46 1.49314
Solana price
XRP
XRP (XRP)
$0.5390830 16.66884
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000173 5.65853
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000087 -1.78323
Pepe price
Bonk
Bonk (BONK)
$0.0000224 -1.99515
Bonk price
Bitcoin
Bitcoin (BTC)
$58,876.00 1.25096
Bitcoin price
Ethereum
Ethereum (ETH)
$3,158.82 0.90637
Ethereum price
BNB
BNB (BNB)
$532.19 -0.00112
BNB price
Solana
Solana (SOL)
$140.46 1.49314
Solana price
XRP
XRP (XRP)
$0.5390830 16.66884
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000173 5.65853
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000087 -1.78323
Pepe price
Bonk
Bonk (BONK)
$0.0000224 -1.99515
Bonk price
Bitcoin
Bitcoin (BTC)
$58,876.00 1.25096
Bitcoin price
Ethereum
Ethereum (ETH)
$3,158.82 0.90637
Ethereum price
BNB
BNB (BNB)
$532.19 -0.00112
BNB price
Solana
Solana (SOL)
$140.46 1.49314
Solana price
XRP
XRP (XRP)
$0.5390830 16.66884
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000173 5.65853
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000087 -1.78323
Pepe price
Bonk
Bonk (BONK)
$0.0000224 -1.99515
Bonk price
Bitcoin
Bitcoin (BTC)
$58,876.00 1.25096
Bitcoin price
Ethereum
Ethereum (ETH)
$3,158.82 0.90637
Ethereum price
BNB
BNB (BNB)
$532.19 -0.00112
BNB price
Solana
Solana (SOL)
$140.46 1.49314
Solana price
XRP
XRP (XRP)
$0.5390830 16.66884
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000173 5.65853
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000087 -1.78323
Pepe price
Bonk
Bonk (BONK)
$0.0000224 -1.99515
Bonk price

Jack Dorsey’s Block sold $2.52 billion worth of BTC in Q4

jack-dorseys-block-sold-2-52-billion-worth-of-btc-in-q4
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Jack Dorsey’s Block sold $2.52 billion worth of BTC in Q4

Jack Dorsey-led Block generated $2.52 billion in total Bitcoin (BTC) sales to customers in the fourth quarter of 2023, up 37% year-over-year.

Additionally, Block received $207 million in overvalued Bitcoin assets. At the end of last year, Block had about 8,038 BTC, worth about $340 million.

“The year-over-year increase in bitcoin revenue and gross profit was driven by an increase in the average market price of bitcoin as well as a benefit from the price appreciation of our bitcoin inventory during the quarter.”

Block report

Additionally, the company’s mobile payment platform, Cash App, made a profit of $66 million from the sale of Bitcoin. Bitcoin’s gross profit is up 90% year-over-year.

Following Thursday’s main session in New York, the company’s shares rose by 5.4% and closed at $67.96. On news of robust post-market reporting, quotes rose another 13.2% to $76.9. This is the maximum since December 2023.

Jack Dorsey's Block sold $2.52 billion worth of BTC in Q4 - 1

Twitter, now known as X creator Jack Dorsey’s payments company has focused on streamlining production, which paid off last quarter. However, Block laid off over 1,000 employees, or 10% of its workforce, in late January, to streamline operations. According to the memo journalists reviewed, the layoffs affected employees who worked in the Cash App, Foundational, and Square divisions.