November 23, 2024

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Block’s Q4 Bitcoin revenue down 7% on crypto price decline

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Block’s Q4 Bitcoin revenue down 7% on crypto price decline

Jack Dorsey’s payment company Block Inc. reported $1.83 billion of Bitcoin (

The share price of Block jumped in after-hours trading following the earnings report. 

Some analysts have attributed the jump to the firm’s gross profit growth, which was up 40% in Q4 compared to the prior year, and also beat analyst expectations.