Thursday saw Jack Dorsey's Block release Q1 numbers that exceeded expectations, with $5.97 billion in revenue and $2.09 billion in gross profits—a 22% YoY increase.
A scheme to buy Bitcoin was also revealed by the owner of Cash App and Square. The company will allocate 10% of its total sales from Bitcoin-related items toward monthly purchases of Bitcoin.
The company also revealed that its $220 million initial Bitcoin investment had increased to $573 million, a 160% increase.
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