Cash App Bitcoin revenue tops $2 billion in the first quarter By Cointelegraph
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Fintech firm Block, owned by Twitter founder Jack Dorsey, has reported a staggering $2.16 billion in (BTC) revenue on its bellwether product Cash App in Q1.
According to a shareholder letter announcing its Q1 2023 earnings, Block (NYSE:SQ) reported that its Bitcoin revenue — which counts BTC revenue as total sales of the cryptocurrency to customers — was up 18% from $1.83 billion in Q4 and 25% from Q1 2022.
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Fintech firm Block, owned by Twitter founder Jack Dorsey, has reported a staggering $2.16 billion in (BTC) revenue on its bellwether product Cash App in Q1.
According to a shareholder letter announcing its Q1 2023 earnings, Block (NYSE:SQ) reported that its Bitcoin revenue — which counts BTC revenue as total sales of the cryptocurrency to customers — was up 18% from $1.83 billion in Q4 and 25% from Q1 2022.
Continue Reading on Coin Telegraph
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