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Cash App bitcoin sales jumped 34% in Q2 to $2.4 billion

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Payment company Block, Inc. said that bitcoin sales on its Cash App platform jumped 34% in the Q2 from the same period last year.

Bitcoin sales on Cash App jumped 34% in the second quarter from the same period last year to a whopping $2.4 billion.Connect/Create WalletNo wallet? No problem. You can set one up for free. We recommend Torus for first-time users.Payment company Block, Inc. said that bitcoin sales on its Cash App platform jumped 34% in the second quarter from the same period last year to a whopping $2.4 billion.

"The year-over-year increase in bitcoin revenue and gross profit was driven by an increase in the quantity of bitcoin sold to customers, partially offset by a decrease in the average market price of bitcoin compared to the prior-year period," the companyBlock noted its bitcoin investments, having purchased $50 million in the fourth quarter of 2020 and $170 million in the first quarter of 2021.

 

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