US Stock Block Soars Over 11% in After-Hours Trading, Market Cap Reaches $43.5 Billion
BlockBeats News, July 19, after-hours trading, Stock of Block (Ticker: XYZ) surged over 11%, pushing its market value to $43.5 billion.
In earlier news, Jack Dorsey's payment company Block is set to join the S&P 500 index.
Previously reported, on May 3, 2024, Jack Dorsey's payment company Block announced its Bitcoin Dollar-Cost Averaging (DCA) plan. According to the plan, Block will allocate 10% of the monthly gross profit from its Bitcoin Conversions Product to purchase Bitcoin for investment. Data from earlier showed that Block's Bitcoin Conversions Product 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 would add another $24 million worth of Bitcoin to its balance sheet.
As of March 31, 2024, Block held 8,038 bitcoins on its balance sheet, representing approximately 9% of Block's total cash, cash equivalents, and marketable securities.
También te puede interesar
Ganadores
Últimas noticias sobre criptomonedas
Alliance DAO Genesis: Does not believe that L1 tokens are always a bad investment, nor will it short them
As the U.S. Struggles to Mediate, Russia and Ukraine Launch Attacks on Each Other
A certain "Flash Loan Attack Whale" address has accumulated 7066 ETH in the past 5 days through a "Rug Pull Contract Buy Spot" strategy.
The People's Bank of China Convenes Meeting of the Coordination Mechanism for Cracking Down on Virtual Currency Transaction Speculation
「1011 Insider Whale」 Opens New 5x ETH Short Position, Reaching $15 Million in Position Size
Atención al cliente:@weikecs
Cooperación empresarial:@weikecs
Trading cuantitativo y MM:[email protected]
Programa VIP:[email protected]