đ **Breaking News: Block Inc. Rides the Bitcoin Wave!** đ
Hold onto your crypto wallets, folks! Jack Dorsey's Block Inc. just dropped its Q2 2024 earnings, and it's looking like a Bitcoin bonanza! đ
- **Bitcoin Revenue:** $2.61B, up 9% YoY.
- **Total Net Revenue:** $6.16B, an 11% boost from 2023.
- **Excluding Bitcoin:** $3.54B, a 13% rise.
**Cash App Highlights:**
- **Revenue:** $4.13B (Bitcoin excluded: $1.52B).
- **Bitcoin Gross Profit:** $67M, up 52%!
BTC prices surged 45% in 2024, now at $64,777. Block's Bitcoin stash? 8,211 BTC worth $515M, despite a $70M loss.
**Gross Profit:** Up 20% to $2.23B. Net income? A cool $195M.
Got thoughts? Drop 'em in the comments! đŹ
