🎁 Sign up FREE and get 25 Stake Cash on us. Play with gold coins, explore the casino and enjoy REAL rewards from day one. No deposit required. Just create your FREE account. CLAIM FREE PLAY
Jack Dorsey's Block Inc. Boosts BTC Holdings, Reports $212 Million Gain
Last Updated: August 08, 2025
✓ Fact Checked
Key Takeaways
- Block Inc. added 108 BTC in Q2 2025, which raised its total holdings to 8,692 BTC worth $1.15 billion;
- The company reported a $212.2 million Bitcoin revaluation gain and $6.05 billion in revenue;
- Bitcoin sales via Cash App hit $2.14 billion, which earned Block $66 million despite narrow margins.
Block Inc., led by Jack Dorsey, continued to grow its Bitcoin
According to the 10-Q form, this brought the company’s total Bitcoin treasury to 8,692 BTC.
The new purchase cost Block around $11 million. Altogether, its Bitcoin investment stands at $1.15 billion. The company recorded a $212.2 million gain from revaluing its Bitcoin in Q2, compared to a $70.1 million loss in the same period last year.
Did you know?
Want to get smarter & wealthier with crypto?
Subscribe - We publish new crypto explainer videos every week!
How to Avoid Rug Pulls in Crypto? (5 Ways Explained)
Block also reported financial results for the quarter. Total revenue reached $6.05 billion, a 1.5% increase from the first quarter’s $5.96 billion. Gross profit rose to $2.54 billion, up from $2.33 billion the previous quarter.
Of the total revenue, $2.14 billion came from Bitcoin sales through Cash App. These sales earned Block a gross profit of $66 million. While Cash App handles large volumes of Bitcoin transactions, the profit margins remain relatively low.
Bitcoin has become a key part of Block’s long-term plans. In the first quarter, the company added 207 BTC to its holdings, with a combined cost of $20.6 million for both Q1 and Q2 purchases.
Recently, Jack Dorsey introduced a test version of a decentralized messaging app called Bitchat. How does it work? Read the full story.
Loading...
The Most Liked Crypto News Findings
Looking for more latest crypto news on related topic? We have gathered similar news articles for you to spare your time. Take a look!
Latest Crypto News & Videos
Trending Crypto News
Polygon's $250M Bet on Stablecoin Payments: Is Blockchain Coming for T...
Bybit Card Launches 10% Cashback Boost for New Cardholders
Figure Offers a $50 Bonus Alongside Yield Earning and Crypto-Backed Lo...
Calculated Ambition: ChangeNOW Defies Market Uncertainty with New Duba...
