As a professional translator, I would translate this news article into English as follows:
Block, a company owned by Jack Dorsey, has launched a Dollar-Cost Averaging (DCA) program, in which 10% of its Bitcoin product gross profit is used to purchase Bitcoin each month. The company also stated that its initial $220 million Bitcoin investment has grown by approximately 160%, reaching $573 million.
According to its earnings report, Block’s Bitcoin gross profit in the first quarter was $80 million. If this profit level can be sustained for the remainder of the year, the company under this plan will increase the value of Bitcoin on its balance sheet by an additional $24 million.
Block’s adjusted earnings per share are $0.85, which is 13 cents higher than the market’s general expectations, and its revenue of $5.97 billion exceeded Wall Street’s forecast of $5.82 billion. Gross profit increased by 22% compared to the first quarter of last year, reaching $2.09 billion.
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Tags:
Block
Bitcoin
Source link:
https://www.theblock.co/post/292301/dorseys-block-to-invest-10-of-bitcoin-prof…
Note: All articles on BitPush represent the author’s opinions and do not constitute investment advice.
Original article link:
https://www.bitpush.news/articles/6665485
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