❗️ Block to Invest 10% of Its Profit into BTC Monthly
🏢 Block has announced that it will invest 10% of its gross profit into $BTC every month.
ℹ️ Block (formerly known as Square, Inc. until December 1, 2021) is an American technology company focused on creating solutions for accepting and processing electronic payments. Founded by Jack Dorsey (co-founder and former CEO of Twitter) and Jim McKelvey in February 2009, by the end of 2023, the company had nearly $22 billion in revenue and approximately 13,000 employees.
🗣 "The world needs an open financial protocol that is not owned or controlled by any single entity. We believe bitcoin is the best and only candidate to become such a protocol, and ultimately the main currency of the internet," stated Dorsey.
💰 The company also mentioned that its initial investment of $220 million in bitcoin has grown approximately 160% to $573 million.
