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.
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