Block’s Q4 Bitcoin income down 7% on crypto mark decline

Block’s Q4 Bitcoin income down 7% on crypto trace decline

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Jack Dorsey’s price company Block Inc. reported $1.83 billion of Bitcoin (BTC) income from its Money App industry unit within the fourth quarter, representing a 7% fall from the the same time final yr.

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In its Q4 and entire-yr results presented on Feb. 23, Block attributed the fall in Bitcoin income to the decline in BTC trace within the yr. Bitcoin fell roughly 65% all the way by 2022.

<em>Money App irascible profit graph from Q4, 2021 to Q4, 2022 Offer: Block Inc Q4 shareholder letter</em>
<em>Block Inc. (SQ) share trace motion over the final day. Offer: </em><em>Barron&rsquo;s</em>

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