Block’s Bitcoin Strategy Yields $207M Profit: How Institutions Are Accumulating BTC

Block, under Jack Dorsey’s leadership, reported a $207 million profit from Bitcoin. This was after strategic investments totaling $220 million in 2020 and 2021. By year-end 2023, Block’s Bitcoin holdings were 8,038 BTC. Their value has now grown to exceed $400 million, highlighting the growing institutional trust in Bitcoin as a valuable asset. Block’s Share Surges After Reporting... source: https://beincrypto.com/institution-profited-207-million-bitcoin-accumulation/