Jack Dorsey’s Block, a payments company benefiting from digital advancements, had an outstanding quarter in Q3 of 2023, driven by a 37% increase in Bitcoin sales compared to the previous year and solid performances from Cash App and Square. Reddit has joined the cryptocurrency community by revealing its investments in Bitcoin and Ether. Bitcoin is experiencing a surge in sales and an increase in holdings, leading to a bonanza in the market. Bitcoin remains a standout performer for Block, as total revenue in Q4 reaches an impressive $2.52 billion. This striking statistic demonstrates the increasing demand among consumers for digital currencies and Block’s strong position in the market. Specifically, Cash App, the company’s mobile payment platform, experienced a significant 90% boost in profits from Bitcoin sales, surpassing $60 million. This strong expansion showcases the success of Cash App’s easy-to-use platform in meeting the increasing desire for convenient access to cryptocurrency. Additionally, Block strategically expanded its Bitcoin holdings to $207 million, showing a dedication to the long-term possibilities of the digital asset. This careful decision indicates confidence in the future worth of Bitcoin and a readiness to use its fluctuations to potentially make profits. The market capitalization of BTC remains at $1 trillion. Graph: information from TradingView.com.