āļø Block to Invest 10% of Its Profit into BTC Monthly
š¢ Block has announced that it will invest 10% of its gross profit into $BTC every month.
ā¹ļø 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.
š£ "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.
š° The company also mentioned that its initial investment of $220 million in bitcoin has grown approximately 160% to $573 million.
