Block revenue 40% from Bitcoin sale
Block sold $2.42 billion worth of #Bitcoin to customers through Cash App in Q3. Block is doing better than Coinbase😀
Salesforce dfvsfdc Nov 4, 2023
How much did coinbase sell
Block Ubqq40 Nov 5, 2023
The accounting for bitcoin is weird, every btc that passes through is counted as revenue. It’s not block’s revenue from bitcoin sales. The quarterly reports usually call this out and put out a separate revenue number minus btc.
Block shdyjvjh Nov 6, 2023
It’s a FASB/SEC requirement to report that way. It’s dumb, but the standard.
Whats good about cash app. I never used it
Mini Robinhood 😀