Block posts 34% enhance in Bitcoin income in Q2 however shares stumble

Shares in cost know-how agency Block Inc. tumbled after hours regardless of its second-quarter outcomes beating earnings expectations, together with a 34% year-on-year enhance in (BTC) income.

In a Q2 earnings name, Block reported a whopping $2.4 billion in Bitcoin gross sales on its Money App platform, with gross revenue from Bitcoin gross sales coming in at $44 million, a 7% enhance from the identical time final yr.

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