Block's gross profit for the second quarter was $2.54 billion, raising the 2025 expectation to $10.17 billion.

[Chain News] On August 8, news reported that Jack Dorsey's Block Inc. disclosed its latest quarterly financial report on Thursday, showing a gross profit of $2.54 billion for the second quarter of this year, a 14% increase year-on-year. In another letter to shareholders, Block stated that it has raised its gross profit forecast for 2025 to $10.17 billion, up from the previous forecast of $9.96 billion. The company's Bitcoin investment revaluation loss for this quarter was $212.17 million, a significant reversal compared to the $70.12 million revaluation gain reported in the same period last year. The report indicated that this loss primarily reflected a decline in the fair value of its Bitcoin holdings. Earlier today, it was reported that Block increased its Bitcoin holdings by 108 coins in Q2, raising its holdings to 8,692 coins.

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GasGuruvip
· 13h ago
Still stubbornly increasing the position when suffering losses?
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SelfCustodyBrovip
· 13h ago
How can you dare to increase the position after losing so much?
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