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😲 Jack Dorsey's Block Inc. says it will buy Bitcoin every month with 10% of its gross profit from its BTC products. Block plans to purchase Bitcoin on a monthly cadence 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. This Block, formerly known as Square, said it will invest 10% of its gross profit from bitcoin products into bitcoin purchases each month. The company also said its original Twitter co-founder Jack Dorsey said his fintech firm Block will flip 10% of its gross profit made off its Bitcoin products into buying BTC every month.

Jack Dorsey's Block Inc. to Buy Bitcoin Monthly: 10% of BTC Product Profit Pledged!

Is Jack Dorsey bullish on Bitcoin? Absolutely! 😲 Jack Dorsey's Block Inc. (formerly Square) has made a bold announcement: they will buy Bitcoin every month with 10% of its gross profit from its BTC products. This shows a significant commitment to the future of cryptocurrency and strengthens Block's position as a major player in the Bitcoin space.

Block Invests in Bitcoin: A Monthly Commitment

Block plans to purchase Bitcoin on a monthly cadence, demonstrating long-term faith in the cryptocurrency's potential. This isn't just a one-time investment; it's a recurring strategy to bolster their Bitcoin holdings. 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.

Why is Block Investing in Bitcoin?

This move signals a strong belief in Bitcoin's long-term value and aligns with Dorsey's well-documented support for decentralized technologies. By reinvesting profits from Bitcoin-related products back into Bitcoin itself, Block is creating a positive feedback loop and contributing to the overall growth of the ecosystem. Block, formerly known as Square, said it will invest 10% of its gross profit from bitcoin products into bitcoin purchases each month.

Jack Dorsey's Vision for Bitcoin and Block

The company also said its original Twitter co-founder Jack Dorsey said his fintech firm Block will flip 10% of its gross profit made off its Bitcoin products into buying BTC every month. This reinforces Dorsey's commitment and his vision for integrating Bitcoin into Block's financial services. This investment underscores Block's belief in Bitcoin as a transformative technology. Stay tuned for updates on Block's monthly Bitcoin purchases and what this means for the future of cryptocurrency!

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