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Benzinga
Benzinga
Business
Samyuktha Sriram

Block Reports $1.96B Bitcoin Revenue In Q4: What You Need To Know

Block

Payments company Block Inc (NASDAQ:SQ) reported nearly $2 billion from Bitcoin (CRYPTO: BTC) revenue alone — but Bitcoin gross profit was only 2% of that figure.

What Happened: In its fourth-quarter and full-year financial results reported on Thursday, Block said its Bitcoin revenue in the quarter was $1.96 billion, up 12% year-over-year.

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