Cash App, owned by Twitter Founder Jack Dorsey’s company, Block (SQ), generated $2.16 billion in revenue from Bitcoin (BTC) sales in the first quarter of the year.
Block published on May 4 on the investor relations page of the year 2023. to the first quarter in its financial reports, Cash App, a company-owned digital payment application over from bitcoin 2.16 billion reported that he had earned $.
In the report, Cash App’s Bitcoin earnings compared to last quarter 18%, 2022according to the first quarter of 25% more big it was underlined. Proceeds from Bitcoin sales 50 million recorded in dollars.
Besides, the company 2020 And 2021 years, respectively 50 And 170 million bitcoin of their investments in total 229 million reported to be worth $. Company of 2023 any changes in Bitcoin assets in the first quarter while not reporting impairment total assets available book value of 126 million stated to be in dollars.
Your Cash App total revenue since last year %49 by increasing 3.27 billion while its revenue excluding Bitcoin has increased since last year. 1.11 billion, up 52% It was noted that the dollar was reached.
And also block’s first quarter revenue 5 billion recorded in dollars. block, 4.59 billion dollar revenue forecasts 390 million on the dollar performance showed.
according to Nasdaq data from $60.43 closing SQ, In the post-session market with the publication of the balance sheet 3.35% on the rise 62.46 traded in dollars.
Creator of Cash App in April bob lee in San Francisco with blade attack after that had died.