Bitcoin News
By MikeT
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Block Adds 108 Bitcoin in Q2. According to a filing with the U.S. Securities and Exchange Commission (SEC), Block Inc.
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Strong Financial Results Driven by Cash App. Block’s total Q2 revenue reached $6.05 billion, while gross profit rose 8.2% year-over-year to $2.
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Square's Merchant Business and Bitcoin Vision. Block’s Square merchant ecosystem also saw continued growth, processing $64.
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Bitcoin on the Balance Sheet: A Growing Trend. With nearly 8,700 BTC in corporate holdings, Block now stands alongside firms like MicroStrategy,…
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Analyst Outlook and Market Reactions. Following the Q2 report, Block raised its full-year profit outlook, citing stronger-than-expected…
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Jack Dorsey’s financial technology company, Block Inc., has deepened its commitment to Bitcoin after a strong second quarter in 2025.
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Block’s decision to expand its Bitcoin holdings reflects Dorsey’s long-standing view of BTC as essential to the future of digital money.
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According to a filing with the U.S. Securities and Exchange Commission (SEC), Block Inc. purchased 108 additional BTC during the second quarter of 2025.
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The expansion aligns with CEO Jack Dorsey’s belief that Bitcoin is the “native currency of the Internet” and the only truly decentralized form of digital money.
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Despite the purchase, Block recorded a revaluation loss of $212.17 million on its Bitcoin holdings in Q2, due to a decline in the fair market value of BTC.
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Cash App’s gross profit alone stood at $1.50 billion, marking a 16% increase year-over-year.
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The app’s user base held steady at 57 million monthly active users, a plateau CFO Amrita Ahuja addressed directly.
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“For our guidance in 2025 with acceleration in the back half of the year, you do not need to believe that there’s further growth on our active figure,” Ahuja explained.
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Block’s Square merchant ecosystem also saw continued growth, processing $64.25 billion in payments during Q2, up 10% compared to the previous year.
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One such initiative is the Proto division, which is working on the company’s first Bitcoin mining chips.
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