Jack Dorsey discusses Bitcoin vision, Block’s impressive financial report, and BTC’s profit increases by 200 million pounds.

Twitter founder Jack Dorsey’s payment platform, Block (formerly known as Square), has announced its first-quarter financial report for 2024. The report shows a 22% increase in gross profit compared to the same period last year, reaching $2.09 billion, demonstrating strong growth in its Square and Cash App revenues. Additionally, the rise of Bitcoin has resulted in Block gaining over $200 million in unrealized gains this quarter. As a result, SQ stock rose over 7% in after-hours trading on Thursday.