News Score: Score the News, Sort the News, Rewrite the Headlines

Block to Flip 10% of Bitcoin Profit Into Bitcoin Investments

Block Inc. lifted its full-year profit guidance and revealed plans to invest a portion of its profits from Bitcoin back into the assets, as Jack Dorsey’s company bets big on the currency’s future.Block will invest 10% of gross profit from Bitcoin products each month into buying Bitcoin for investment, Dorsey said in a letter to shareholdersBloomberg Terminal on Thursday. Currently, less than 3% of the company’s resources are focused on Bitcoin projects, he said....

Read more at bloomberg.com

© News Score  score the news, sort the news, rewrite the headlines