Jack Dorsey's Block Commits 10% of Monthly Bitcoin Gross Profit into Treasury
Fintech powerhouse formalizes an automatic monthly dollar-cost averaging program, allocating 10% of recurring gross Bitcoin product profits directly into corporate reserves.
How Much Bitcoin
$411,000,000 (8,027 BTC
BTC Price Then
$59,123
Price Change
+63%
Location
United States
Frequently Asked Questions
Who is adopting Bitcoin in "Jack Dorsey's Block Commits 10% of Monthly Bitcoin Gross Profit into Treasury"?
Jack Dorsey / Block Inc (Person) is the entity adopting or allocating into Bitcoin in United States.
What type of entity is Jack Dorsey / Block Inc?
Jack Dorsey / Block Inc is classified as a Person in the Bitcoin adoption ledger.
How much Bitcoin is being acquired or held?
$411,000,000 (8,027 BTC acquired directly as spot Bitcoin.
What was the Bitcoin price at the time of this adoption?
At the time of this event, Bitcoin was priced at $59,123 per BTC (a +62% change versus the current live price).
When did this Bitcoin adoption event happen?
This adoption event was recorded on Thu, May 2, 2024.
Where is this Bitcoin adoption taking place?
This adoption is attributed to United States.
What is the source of this Bitcoin adoption story?
Originally reported by Block Investor Relations and indexed from the original report.
Originally reported by Block Investor Relations
Read the original report