Block Led by Jack Dorsey Posts $1.5 Billion in Q2 Profit, BTC Revenue Drops According to Cointelegraph

Block Led by Jack Dorsey Reaches $1.5 Billion in Profit in Q2, BTC Revenue Drops

The former CEO of Twitter (NYSE:) Digital payments company Block Inc. of Jack Dorsey saw annualized profit (YoY) grow 29% to $1.47 billion in Q2, despite (BTC) business activity declines due to reduced customer demand and a drop in the price of Bitcoin.

The financial services company primarily generates Bitcoin revenue by providing BTC trading services through its Cash App digital payment app.

Bitcoin from block