💰 Block is buying bitcoin every month for its balance sheet

Block Inc. has announced its strategy of regularly purchasing bitcoin for its corporate balance sheet through dollar-cost averaging (DCA). The company plans to allocate 10% of its monthly gross profit from bitcoin products to investments in the cryptocurrency. "We view bitcoin as an instrument of global economic empowerment; it is a way for individuals around the world to participate in a global monetary system and secure their own financial future," the company stated.

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