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Jack Dorsey’s Block (SQ) Q1 2024 Shareholder Letter; Doubles Down on Bitcoin

Cryptopolitan 03 May 2024
Jack Dorsey has certainly been an avid believer in Bitcoin and blockchain technology. His recent keeps living up to his firm belief in a future where Bitcoin’s use cases are well refined ... In his Shareholder letter, Jack Dorsey expresses his ambitions for Bitcoin and Block ... has always been heavily involved with Bitcoin and Blockchain technology ... Plans for Bitcoin.

Dissecting Block Inc.’s Bitcoin Blueprint For Corporate Balance Sheets

Cryptopolitan 03 May 2024
– led by Bitcoin Maxi, Jack Dorsey, shared the company’s interaction with Bitcoin, highlighting its operations and sharing how other corporations can emulate them. The memo highlights Block, Inc.’s strategy for company-owned Bitcoin, which was held as an investment. Starting with an overview of the company’s current Bitcoin ecosystem ... “Under the DCA program, we plan to purchase Bitcoin on a monthly cadence utilizing.

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# Name Price Volume (24h) % Change (24h)
1 Bitcoin (BTC) $ 9379.51121871 29291234397.1 -2.12 %
2 Litecoin (LTC) $ 68.6382381813 5720089694.18 -1.62 %
3 Ethereum (ETH) $ 181.975638826 11767008363.1 -0.48 %
4 Veritaseum (VERI) $ 18.45 0 0.00 %
5 EOS (EOS) $ 4.206085936 3774755482.59 -0.25 %
6 Centra (CTR) $ 0.01471 0 0.00 %
7 DigiByte (DGB) $ 0.0062005626 942236.540577 0.00 %
8 AdEx (ADX) $ 0.05420 88877.21 -1.21 %
9 Humaniq (HMQ) $ 0.004962 14208.2208233 0.00 %
10 Private Instant Verified Transaction (PIVX) $ 0.2293 734764.276735 -3.14 %
11 XRP (XRP) $ 0.2412959304 1903216173.21 0.88 %
12 Bitshares (BTS) $ 0.0211442821 3198719.09431 -1.80 %
13 BitSwift (SWIFT) $ 0.4051 0 0.00 %
14 OmiseGo (OMG) $ 0.9035012009 73564679.2141 2.52 %
15 Sphere Coin (SPHR) $ 0.06553 0 0.00 %
16 Ethereum Classic (ETC) $ 11.5038562535 2965506879.02 -0.61 %
17 NEM (XEM) $ 0.0454819175 29553422.0555 0.00 %
18 Rivetz (RVT) $ 0.007995 9993 -20.90 %
19 MaidSafe Coin (MAID) $ 0.1110 1367484.96476 -0.32 %
20 FunFair (FUN) $ 0.003110 659876.996354 -2.81 %
21 Paragon (PRG) $ 0.01592 362.34112 -12.81 %
22 Stratis (STRAT) $ 0.3037 985978.792886 -0.12 %
23 NavCoin (NAV) $ 0.1015 659640.563461 -1.83 %
24 Rise (RISE) $ 0.002627 44551.98061 3.45 %
25 Verge (XVG) $ 0.0037872163 759364.83599 5.08 %
26 Reddcoin (RDD) $ 0.0007190 40259681.7228 25.00 %
27 TenX (PAY) $ 0.05483 456707.500823 -0.13 %
28 Waves (WAVES) $ 0.8912100364 82970286.3014 1.84 %
29 Lisk (LSK) $ 1.0365054837 6082448.73385 6.17 %
30 KickCoin (KICK) $ 0.0000969519 57571.4577545 5.26 %
31 Monero (XMR) $ 72.1346716882 107010674.883 0.86 %
32 Komodo (KMD) $ 0.6368109417 2702396.03471 3.95 %
33 BitcoinDark (BTCD) $ 22.00 0 0.00 %
34 Dash (DASH) $ 129.41 44110.8016989 2.43 %
35 Gnosis (GNO) $ 15.82 542.73541475 -0.64 %
36 Populous (PPT) $ 0.5442 589469.581183 5.01 %
37 NEO (NEO) $ 11.5080200258 470747259.833 7.02 %
38 BitConnect Coin (BCCOIN) $ 1.00 0 0.00 %
39 Tether (USDT) $ 1.0003916102 40283398497.6 0.00 %

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Jack Dorsey’s Block (SQ) Q1 2024 Shareholder Letter; Doubles Down on Bitcoin

Cryptopolitan 03 May 2024
Jack Dorsey has certainly been an avid believer in Bitcoin and blockchain technology. His recent keeps living up to his firm belief in a future where Bitcoin’s use cases are well refined ... Plans for Bitcoin.
Edit

Dissecting Block Inc.’s Bitcoin Blueprint For Corporate Balance Sheets

Cryptopolitan 03 May 2024
– led by Bitcoin Maxi, Jack Dorsey, shared the company’s interaction with Bitcoin, highlighting its operations and sharing how other corporations can emulate them ... Starting with an overview of the company’s current Bitcoin ecosystem.
Edit

MicroStrategy CEO Hails Bitcoin as the Best Crypto Asset with No Opponents

Coin Edition 03 May 2024
Michael Saylor describes Bitcoin as the best crypto asset, with no other second-best asset. MicroStrategy CEO hails Bitcoin as the single solution for capital appreciation in an inflationary environment.
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Block Commits 10% of Bitcoin Gross Profit to Monthly BTC Purchases

Coin Edition 03 May 2024
Block plans to buy Bitcoin with 10% of its gross profit from BTC products every month ... Gross profit from Bitcoin products surged nearly 60% year-on-year to $80.1 million ... buying Bitcoin every month.
Edit

Crypto Twitter Skeptical As MicroStrategy Proposes Bitcoin-Based Identity Solution

CryptoPotato 03 May 2024
MicroStrategy has proposed a new Bitcoin-based strategy for combatting online spam – though Bitcoiners are skeptical as to whether it’s a good idea ... “Saylor is using Bitcoin as his own personal and corporate data store.”.
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Bitcoin ETF Outflows Rebound To $34M As ARKB Buys The Dip

CoinGape 03 May 2024
Spot Bitcoin ETF outflows narrowed to $34.4 million on Thursday, May 2 ... Moreover, the recent rebound came amid a broader market recovery as the Bitcoin (BTC) price inched closer to $60,000, rebounding from the recent correction.
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Michael Saylor Delivers Bitcoin Masterclass To Fortune 1000 Companies

Bitcoin Magazine 03 May 2024
Bitcoin for Corporations, MicroStrategy Executive Chairman Michael Saylor delivered a masterclass on corporate finance and the power of bitcoin to supercharge corporate balance sheets ... Bitcoin is a capital ratchet ... Bitcoin is the place to stand.”.
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Fear Back For 1st Time Since October As Crypto Greed Takes The Backseat

Bitcoinist 03 May 2024
The luster appears to have faded from Bitcoin’s crown ... Bitcoin And The Fear Gauge ... During Bitcoin’s ascent to its peak, the Fear and Greed Index hovered comfortably in the “Greed” zone ... Record Outflows From Spot Bitcoin ETFs.
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Prepare for a Bitcoin Chop Before the Positive Impacts of the BTC Halving Take Place: Bitfinex

CryptoPotato 03 May 2024
Bitcoin is struggling to climb above the $60,000 mark after a devastating downtrend this week ... Bitcoin Consolidation to Continue ... He noted that Bitcoin’s behavior has echoed what happened in 2016, during a similar phase in the market cycle.
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Jack Dorsey’s Block Boosts Its Bitcoin Bet With 10% Gain Reinvestment

CoinGape 03 May 2024
Block Inc., the former Square, which is owned by Jack Dorsey, has declared that it will reinvest 10% of its Bitcoin-related gross profits into Bitcoin ... Focus on Bitcoin and Technological Innovations. As part of its commitment to Bitcoin, Block Inc.
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Jack Dorsey’s Block To Invest 10% Of Bitcoin Profits Into Monthly BTC Buys

Bitcoinist 03 May 2024
Jack Dorsey’s financial services and digital payments company, Block Inc., announced it will begin investing 10% of its monthly Bitcoin-related gross profits into BTC purchases ... Dorsey’s Block Will DCA Into Bitcoin.
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23,000 Bitcoin Options Set to Expire Today, Where Will BTC Price Swing Next?

CoinGape 03 May 2024
The Bitcoin (BTC) price has bounced back once again by 4% in the last 24 hours moving closer to $60,000, ahead of the weekly Bitcoin options expiry ... 23,000 Bitcoin Options to Expire ... Bitcoin implied ...
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JPMorgan Waves Red Flag: Urges Caution As Crypto Market Teeters on Edge

Bitcoinist 03 May 2024
The analysis further points out that while spot Bitcoin exchange-traded funds (ETFs) have experienced outflows, retail enthusiasm for stocks has also fallen ... #Bitcoin is at the end of the correction.
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Bitcoin’s Make-Or-Break Moment: Trading Guru Predicts Rally Amid Market Uncertainty

NewsBTC 03 May 2024
Seasoned trader Peter Brandt has reignited discussions with a bullish Bitcoin forecast that could see the premier cryptocurrency soar to new heights ... Brandt’s Bullish Bitcoin Vision.
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Another Bitcoin Mining Company in Troubles: Earnings Plummet After Halving

Crypto Economy 03 May 2024
Bitfarms’ total Bitcoin reserves swelled to 830 BTC, valued at approximately $50.9 million, despite a decrease in monthly earnings ... Bitcoin halving event ... Improving Bitcoin Mining Energy Efficiency.
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