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Block Reports 9% Growth in Bitcoin Revenue Year Over Year, Cash App Generates $4.13B

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2024-08-02 09:20:26686browse

Block Inc., le conglomérat de paiement de Jack Dorsey, a publié ses résultats pour le deuxième trimestre 2024, affichant une croissance de 9 % des revenus Bitcoin d'une année sur l'autre.

Block Reports 9% Growth in Bitcoin Revenue Year Over Year, Cash App Generates .13B

Le conglomérat de paiement Block Inc. (NYSE :SQ) a publié ses résultats pour le deuxième trimestre 2024, affichant une croissance de 9 % des revenus Bitcoin (BTC) d'une année sur l'autre.

Le chiffre d'affaires Bitcoin de la société pour le trimestre a dépassé 2,61 milliards de dollars, sur un chiffre d'affaires net total de 6,16 milliards de dollars, en hausse de 11 % par rapport au deuxième trimestre 2023. Hors revenus Bitcoin, le chiffre d'affaires s'est élevé à 3,54 milliards de dollars, en hausse de 13 % d'une année sur l'autre. .

Block reconnaît les revenus Bitcoin comme le montant total de BTC vendu aux clients. Cash App a généré 4,13 milliards de dollars de revenus au cours du trimestre. Hors gains issus des transactions Bitcoin, les revenus s'élevaient à 1,52 milliard de dollars. Cash App a généré 67 millions de dollars de bénéfice brut Bitcoin au deuxième trimestre 2024, soit une augmentation de 52 % par rapport à la même période de l'année dernière.

The Bitcoin gross profit expansion was driven primarily by a rise in the average price of BTC, which is up over 45% so far in 2024, trading at $64,777 at the time of writing.

The company also posted a $70 million loss from its BTC holdings, which were valued at $515 million as of June 30. Block had acquired approximately 173 BTC over the past quarter, bringing the total amount of BTC on its balance sheet to 8,211.

Block’s total gross profit rose 20% over a year, standing at $2.23 billion. Net income attributable to common shareholders stood at $195 million in the second quarter of 2024, up from $102 million over last year.

In May, Block announced plans to raise $2 billion in senior unsecured notes for qualified institutional investors. “Including the net proceeds from this debt offering, we ended the second quarter of 2024 with $10.3 billion in available Liquidity,” the company noted in its letter.

According to Block, funds from the debt sale would be used for debt repayment, acquisitions, strategic transactions, capital expenditures, investments and working capital.

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