Summary
- Block said its Q4 operating profit came to $485 million.
- Block said it raised its full-year gross profit outlook to $12.2 billion, up 18% from a year earlier.
- During the period, Block said it bought an additional 103 bitcoin (BTC), bringing total holdings to 8,883 BTC (about $577 million).
Forecast Trend Report by Period
Block (formerly Square), the payments company led by Jack Dorsey, released its Q4 results for last year.
According to crypto-focused media outlet The Block on the 27th (local time), Block posted Q4 operating profit of $485 million.
The company also raised its full-year gross profit outlook to $12.2 billion, representing an 18% increase year on year.
During the period, Block bought an additional 103 bitcoin (BTC). This lifted its total holdings to 8,883 BTC, worth about $577 million at current prices.
Block is one of the best-known listed companies that has continued to hold bitcoin as part of its corporate treasury strategy.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
