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Block Buys 85 More Bitcoin, Raising Holdings to 9,117

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JOON HYOUNG LEE

Summary

  • Block said it bought an additional 85 Bitcoin.
  • The latest purchase brought the company’s total Bitcoin holdings to 9,117.
  • Block’s current Bitcoin holdings rank 15th among publicly traded companies worldwide.

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Jack Dorsey, chief executive officer of Block. Photo: Shutterstock
Jack Dorsey, chief executive officer of Block. Photo: Shutterstock

Block Inc., the payments company led by Twitter co-founder Jack Dorsey, bought 85 more Bitcoin.

Blockbeats reported on Aug. 6 that the company recently made the purchase, lifting its total Bitcoin holdings to 9,117.

That ranks Block 15th among publicly traded companies worldwide by Bitcoin holdings.

JOON HYOUNG LEE

JOON HYOUNG LEE

gilson@bloomingbit.ioCrypto Journalist based in Seoul

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