Jack Dorsey's Block Will Invest 10% Of Its Bitcoin Product Profit Into Bitcoin Purchases [Forbes]
MicroStrategy Incorporated - Class A (MSTR)
Last microstrategy incorporated - class a earnings: 4/28 04:01 pm
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Source: Forbes
the fintech conglomerate's multi-hundred-million dollar investment into the cryptocurrency. Less than 3% of the Block's resources go toward bitcoin-related projects. (Photo by Jakub ... [+] Porzycki/NurPhoto via Getty Images) Block's decision to invest 10% of its gross profit from Cash App's bitcoin products comes after the products generated 3.3% and 4.2% of Block's gross profit in 2022 and 2023, accounting for 0.7% of related expenses, according to its earnings report. Block's bitcoin gross profit totaled $80 million in the first quarter, a 59% increase year-over-year that the company attributed to a price appreciation of its bitcoin inventory and an increase in the price of bitcoin during the quarter. Ex-Twitter owner and Block chief Jack Dorsey said in a statement less than 3% of the company's resources go toward bitcoin-related projects, adding he believes the cryptocurrency will “become the native currency of the internet.” Block reported nearly $6 billion in revenue f
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MSTR
News
- Vertosoft Named as Federal Partner of the Year at MicroStrategy World 2024 [Yahoo! Finance]Yahoo! Finance
- MSTY: A Buy For High-Yield Income And Crypto Diversification [Seeking Alpha]Seeking Alpha
- UPDATE 1-MSCI publishes quarterly index review results [Yahoo! Finance]Yahoo! Finance
- MSCI publishes quarterly index review results [Reuters]Reuters
- Employ Welcomes New Chief Customer Officer [Yahoo! Finance]Yahoo! Finance
MSTR
Earnings
- 11/1/23 - Miss
MSTR
Sec Filings
- 5/1/24 - Form 10-Q
- 4/29/24 - Form 8-K
- 4/26/24 - Form 4
- MSTR's page on the SEC website