Block Inc. published results for the second quarter of 2024:
- Bitcoin revenue grew 9% to $2.61 billion.
- Total revenue was $6.16 billion, an increase of 11% compared to 2023.
- Excluding Bitcoin revenue, revenue was $3.54 billion, an increase of 13%.
- Cash App brought in $4.13 billion in revenue, of which $67 million was profit from Bitcoin.
However, the company recorded a loss of $70 million from its Bitcoin reserves. 🚨
#CryptoNews#Market