Bitcoin investment articles
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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.
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Fidelity: Pension Funds Exploring Bitcoin Investments On ETF Approval
Fidelity: Pension Funds Exploring Bitcoin Investments On ETF Approval Authored by Vivek Sun via Bitcoin Magazine, Fidelity, a major financial services firm, says pension funds are starting to explore investing in Bitcoin, particularly after the approval of spot Bitcoin exchange-traded funds earlier this year Fidelity has been bullish on Bitcoin for years, launching its Digital Assets branch in 2018 and bringing a successful Bitcoin ETF to market earlier this year. The firm's ETF...
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Block Stock Soars On Q1 Earnings, Strategic Bitcoin Investment: Details
Block, Inc. (NYSE:SQ) shares rose after the company reported its first-quarter financial results on Thursday. Here's a look at the highlights. Block reported quarterly sales of $5.957 billion, which beat the analyst consensus estimate of $5.821 billion, representing a 19.38% increase over sales of $4.99 billion from last year. The company reported adjusted earnings of 85 cents per share, beating the 72 cents per share consensus estimate. Cash App generated a quarterly gross profit of $1.26...