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Despite Cramer’s probing on the potential expansion to include other cryptocurrencies like Ethereum, Ahuja reiterated Block’s commitment to Bitcoin, emphasizing Block, maker of the Cash App, recorded an increase in revenue from sales of bitcoin of $660.8 million in the third quarter, according to a regulatory filing Thursday. The 37% “The internet will have a native currency; it’s just a matter of time. Artificial intelligence systems and agents will have to transact, and the most efficient way to do so will Block's (NYSE:SQ) commitment to bitcoin (BTC-USD) reflects a strategic vision for future gains, Chief Financial Officer and Chief Operating Officer Amrita Ahuja said in an interview on One motivation for Block’s investment in bitcoin is to learn about the technology and how to use it, CFO and COO Amrita Ahuja says. Block had record bitcoin profits last quarter, thanks to cost-cutting and a growing payments business. Block is an option for equities investors seeking crypto exposure. ‼️NEW: We believe the Internet needs a currency, says Block CFO on Bitcoin

Block CFO: Internet Needs a Currency, Doubles Down on Bitcoin Despite Ethereum Buzz

Block's (NYSE:SQ) commitment to bitcoin (BTC-USD) reflects a strategic vision for future gains, Chief Financial Officer and Chief Operating Officer Amrita Ahuja said in an interview on why they are sticking with Bitcoin. The focus remains firmly on Bitcoin, as emphasized by Ahuja even when faced with questions about exploring other cryptocurrencies like Ethereum. Despite Cramer’s probing on the potential expansion to include other cryptocurrencies like Ethereum, Ahuja reiterated Block’s commitment to Bitcoin, emphasizing its unique potential.

‼️NEW: We believe the Internet needs a currency, says Block CFO on Bitcoin. This bold statement underlines Block's long-term bet on the future of digital transactions. According to Ahuja, “The internet will have a native currency; it’s just a matter of time. Artificial intelligence systems and agents will have to transact, and the most efficient way to do so will be with a digital currency.” This vision extends beyond simple payments; it envisions a future where AI and automated systems seamlessly exchange value.

One motivation for Block’s investment in bitcoin is to learn about the technology and how to use it, CFO and COO Amrita Ahuja says. This deep dive into the underlying technology is proving fruitful. Block had record bitcoin profits last quarter, thanks to cost-cutting and a growing payments business. Block recorded an increase in revenue from sales of bitcoin of $660.8 million in the third quarter, according to a regulatory filing Thursday. The 37% increase showcases the growing demand and profitability of Block's Bitcoin services.

Block is an option for equities investors seeking crypto exposure. With a significant stake in Bitcoin, Block offers a pathway for traditional investors to participate in the cryptocurrency market without directly holding digital assets. The company believes block holds $130m worth bitcoin. The continued focus on Bitcoin, coupled with impressive revenue growth, positions Block as a key player in the evolving digital economy. The company’s dedication to Bitcoin suggests they see it as more than just an investment; they see it as the foundation for a new era of internet finance.

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