Close Menu
iCoin MarketiCoin Market
  • News
  • Coins
    • Bitcoin
    • Altcoin
    • Ethereum
    • Stablecoins
  • Blockchain
  • Markets
  • NFTs
  • DeFi
  • Web3
  • Insights
  • Videos
  • More
    • ETF
    • Learn
    • Politics
Trending Now

Tariffs Are Making a Comeback! And They’re Expected to Get Even Tougher

August 10, 2025

Raydium Reaches Three-Month High – Is a $4 Target for RAY Achievable?

August 10, 2025

Bitcoin or Ethereum? – You Might Be Surprised by Peter Schiff’s Choice

August 10, 2025
Facebook X (Twitter) Reddit Telegram
Facebook X (Twitter) Reddit Telegram
iCoin MarketiCoin Market
 eToro
 Trading View
Login
Live Markets
  • News
  • Coins
    • Bitcoin
    • Altcoin
    • Ethereum
    • Stablecoins
  • Blockchain
  • Markets
  • NFTs
  • DeFi
  • Web3
  • Insights
  • Videos
  • More
    • ETF
    • Learn
    • Politics
Play Games Newsletter
iCoin MarketiCoin Market
Home»Bitcoin
Bitcoin

Jack Dorsey’s Block Increases BTC Holdings in Q2 as Earnings Outperform Wall Street Estimates

News RoomBy News RoomAugust 8, 2025No Comments4 Mins Read
Facebook Twitter Pinterest Telegram Email Tumblr Reddit LinkedIn
Demo

Jack Dorsey’s Block: Strengthening Its Bitcoin Strategy Amid Impressive Earnings

Jack Dorsey’s Block Inc. has recently made significant strides in its Bitcoin strategy while reporting quarterly results that exceeded Wall Street’s expectations. These developments indicate a solid confidence in the company’s fintech ecosystem and the long-term prospects of Bitcoin (BTC). As organizations increasingly adopt cryptocurrency, Block’s performance showcases its pivotal role in the digital economy.

BTC Treasury Growth

Block Inc. recently acquired an additional 108 BTC, bringing its total corporate holdings to 8,692 BTC, as per their latest U.S. SEC filing. This acquisition aligns with CEO Jack Dorsey’s enduring vision to integrate Bitcoin deeply into the digital economy. The company reported an impressive total revenue of $6.05 billion for the second quarter, with gross profit climbing by 8.2% to $2.54 billion, largely driven by Bitcoin-related revenue from its Cash App. However, the company did face a revaluation loss of $212.17 million on its Bitcoin holdings this quarter due to a decline in Bitcoin’s fair value, contrasting with the previous year’s revaluation gain of $70.12 million.

Surpassing Wall Street Expectations

Despite the revaluation losses, Block has raised its full-year profit outlook after posting second-quarter earnings that significantly surpassed Wall Street’s forecasts. Analysts attribute the company’s robust growth to its Cash App lending products and consistent payment processing volumes through its Square merchant network. Cash App’s gross profit surged to $1.50 billion in Q2, a remarkable 16% year-over-year increase and far above expectations. This growth can be mainly credited to popular features such as the “Borrow” short-term lending option and the increased use of Cash App cards along with its buy-now-pay-later offerings.

User Base Insights

Interestingly, while Cash App’s financial metrics have improved, its active user base has plateaued at approximately 57 million monthly transactors. CFO Amrita Ahuja indicated that revenue acceleration for the latter half of 2025 will not depend on increasing the user base but rather on enhancing engagement among existing customers. She emphasized that for the upcoming year, investors need not expect further growth in active user figures to see revenue enhancements.

Square Merchant Network Expansion

In addition to its consumer banking initiatives, Block’s Square merchant network processed $64.25 billion in payments in Q2, marking a 10% annual growth. The company is optimistic about future growth opportunities through an expanded buy-now-pay-later feature integrated with Cash App. Furthermore, advancements in their Proto division will lead to the release of its initial Bitcoin mining chips, further solidifying the company’s merchant services offerings.

Industry Recognition and Corporate Bitcoin Holdings

Block’s inclusion in the S&P 500 highlights its status among America’s leading publicly traded companies. With nearly 8,700 BTC held in its treasury, Block joins other notable corporate Bitcoin holders such as MicroStrategy and Marathon Digital Holdings. The trend of public companies, including Metaplanet, adding Bitcoin assets to their balance sheets is increasingly seen as a hedge against inflation and a strategic move towards a future reliant on decentralized money.

The Future of Bitcoin with Block

Throughout his career, Jack Dorsey has reiterated his belief in Bitcoin as the only truly decentralized and “net new” form of digital currency. While acknowledging stablecoins’ role in remittances, Dorsey maintains that Bitcoin has unmatched properties that position it to become “the native currency of the Internet.” As Block continues to innovate and adapt its cryptocurrency strategies, the company appears poised to play an essential role in the broader acceptance and integration of Bitcoin into the financial landscape.

In summary, Block’s recent actions reflect a robust commitment to Bitcoin and a strong financial performance that provides a glimpse into the future of fintech. As the cryptocurrency landscape evolves, Block’s strategic investments and innovative services may redefine how digital currencies intersect with the everyday financial experience.

Demo
Share. Facebook Twitter Pinterest LinkedIn Email Telegram WhatsApp

Related News

Peter Schiff Chooses Bitcoin Over Ethereum Despite Bitcoin’s Decreasing Dominance

Bitcoin August 10, 2025

Michael Saylor Anticipates Shift of Capital from Gold to Bitcoin Due to Tariff Speculations

Bitcoin August 8, 2025

Bitcoin Is the Supreme Store of Value, Not Gold, According to Peter Brandt

Bitcoin August 8, 2025

Bitcoin Soars as Trump Signs Executive Order Allowing 401(k) Investments in Crypto

Bitcoin August 7, 2025

Strategy Could Become the Largest U.S. Public Company if Bitcoin Reaches $1 Million, Says Tom Lee

Bitcoin August 6, 2025

Brazil to Host Public Hearing on Strategic Bitcoin Reserve on August 20

Bitcoin August 5, 2025

BlackRock Sells $292M in BTC and $372M in ETH During Crypto ETF Outflows

Bitcoin August 5, 2025

Robert Kiyosaki Predicts Bitcoin Will Drop to $90K in August, But Here’s Why He’s Holding On

Bitcoin August 4, 2025

What’s Driving Today’s Rally in the Crypto Market?

Bitcoin August 3, 2025
Add A Comment
Leave A Reply Cancel Reply

Editors Picks

Raydium Reaches Three-Month High – Is a $4 Target for RAY Achievable?

August 10, 2025

Bitcoin or Ethereum? – You Might Be Surprised by Peter Schiff’s Choice

August 10, 2025

Bitcoin & Altcoin Season: $1M Trade Opens! – Latest Bitcoin News on Ethereum, Solana, XRP & Chainlink

August 10, 2025

How to Trade Cryptocurrency: Simple Tips and Tricks to Earn Big! [Complete Guide for Beginners]

August 10, 2025

Latest Articles

How El Salvador’s New Law Could Turn Bitcoin Banks into Reality!

August 10, 2025

Ethena [ENA] Rises 19% – But This Could Be a Bull Trap IF…

August 10, 2025

Is Chainlink Price Heading to $98? Analyst Confirms Bullish Breakout as LINK Reserves Hit $1.4 Million

August 10, 2025

Subscribe to News

Get the latest news and updates directly to your inbox.

Your source for the serious news. This demo is crafted specifically to exhibit the use of the theme as a news site. Visit our main page for more demos.

We're social. Connect with us:

Facebook X (Twitter) Instagram Pinterest YouTube

Subscribe to Updates

Get the latest creative news from FooBar about art, design and business.

Facebook X (Twitter) Reddit Telegram
2025 © iCoin Market. All Right Reserved.
  • Privacy Policy
  • Terms
  • Advertise
  • Contact

Type above and press Enter to search. Press Esc to cancel.

Sign In or Register

Welcome Back!

Login to your account below.

Lost password?