According to Odaily Planet Daily, HODL15Capital analyzed that according to the financial report data released by Jack Dorsey's payment company Block Inc., its Bitcoin revenue reached US$5.34 billion as of June 30, and it is expected that Bitcoin revenue will reach US$10 billion in 2024. In addition, as of June 30, Block held US$1.44 billion worth of Bitcoin for users.
According to news in early August, Block's net revenue in the second fiscal quarter was US$6.16 billion, while analysts expected US$6.31 billion; adjusted EBIT in the second fiscal quarter was US$759 million, while analysts expected US$685.7 million; Bitcoin revenue in the second fiscal quarter was US$2.61 billion, while analysts expected US$2.73 billion; adjusted EBIT in the third fiscal quarter is expected to be US$695 million, while analysts expected US$669.5 million; full-year adjusted EBIT is expected to be US$2.9 billion, previously expected to be US$2.76 billion, and analysts expected US$2.8 billion.
