According to The Block, the payment company Block (formerly Square), founded by former Twitter CEO Jack Dorsey, had a total net income of $4.52 billion in the third quarter, a year-on-year increase of 17%. Excluding Bitcoin revenue, net income was $2.75 billion; net loss was $14.7 million, including a $2 million impairment loss related to Bitcoin and a $56 million amortization charge, excluding these charges Block’s total net income was 43 million In addition, its third-quarter bitcoin sales were $1.76 billion, and its gross profit totaled nearly $37 million