Jack Dorsey's company, Block, announces a strategic approach to buying BTC on a monthly basis
Dorsey is the current president of payment solutions company Block, which is doubling down on its efforts to buy Bitcoin. Last week, the company announced a new approach to investing 10% of the profits from its Bitcoin products in purchasing more BTC currencies per month.
It is noteworthy that Block was one of the first public companies to invest in Bitcoin worth $220 million in 2020. By the end of the first quarter of 2024, the company increased its holdings of BTC by 160%, reaching its value to $573 million.