Block Inc. Witnesses $207M Profit Increase Due to Bitcoin Bets

By: Eliza Bennet

Riding the wave of Bitcoin investment, Block Inc. reports a striking gain of $207M, notably driven by the popular Cash App. This achievement marks an impressive 90% year-over-year increase in Bitcoin gross profit. The news also reflected positively on Block Inc.'s stock, which surged by 13% in after-hours trading.