
Shares in cost technology firm Block Inc. tumbled after hours despite its 2nd-quarter results beating earnings expectations, including a 34% One year-on-One year amplify in Bitcoin (BTC) earnings.
In a Q2 earnings name, Block reported a whopping $2.4 billion in Bitcoin sales on its Cash App platform, with tainted earnings from Bitcoin sales coming in at $44 million, a 7% amplify from the identical time closing One year.
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