Block, the Jack Dorsey–led digital payments giant, announced on Thursday a 25% year-over-year increase in Bitcoin sales on Cash App, one of its flagship products.
In the first quarter of 2022, as Bitcoin’s price was decreasing from an all-time high just months earlier, customers bought approximately $1.73 billion worth of the cryptocurrency. A year later, as Bitcoin recovered from its most recent low, sales were almost $2.16 billion.
