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Block, formerly known as Square, announced on Thursday that its Cash App business generated $50 million in Bitcoin gross profit in the first quarter of 2025, up 16% Y-O-Y. The total sale Fintech firm Block (SQ) reported $2.16 billion in bitcoin revenue in its Cash App unit during the first quarter, up 18% from $1.83 billion in Q4 and up 25% from Q1 2025 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 Cash App parent company Block announced Thursday in its first quarter earnings report it will begin putting 10% of its gross profit from bitcoin products into bitcoin Thanks to an increase in the amount of Bitcoin sold to its customers, Block’s Cash App generated $50 million of Bitcoin gross profit in the first quarter of 2025, up 16% year Block’s Bitcoin gross profit for the first quarter of 2025 through customer sales with its Cash App business was up nearly 60% year-on-year to $80.1 million. Up to 10% Block, the company of Twitter founder Jack Dorsey, released its first-quarter financial report, with gross profit of $1.71 billion and total revenue of nearly $5 billion. Block reported a Bitcoin gross profit of $50 million in Q1, while the total sale amount of bitcoin sold to customers – which the company recognizes as bitcoin revenue in the report – stood at

Dorsey's Block Sees $50 Million Bitcoin Gross Profit in Q1 2025

Block, formerly known as Square, announced on Thursday that its Cash App business generated $50 million in Bitcoin gross profit in the first quarter of 2025, up 16% Y-O-Y. This impressive growth highlights the continued strength of Bitcoin within Block's ecosystem.

The total sale Fintech firm Block (SQ) reported $2.16 billion in bitcoin revenue in its Cash App unit during the first quarter, up 18% from $1.83 billion in Q4 and up 25% from Q1 2025. Thanks to an increase in the amount of Bitcoin sold to its customers, Block’s Cash App generated $50 million of Bitcoin gross profit in the first quarter of 2025, up 16% year-on-year.

Further boosting its commitment to Bitcoin, 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 Cash App parent company Block announced Thursday in its first quarter earnings report it will begin putting 10% of its gross profit from bitcoin products into bitcoin.

Block’s Bitcoin gross profit for the first quarter of 2025 through customer sales with its Cash App business was up nearly 60% year-on-year to $80.1 million. Up to 10%.

Block, the company of Twitter founder Jack Dorsey, released its first-quarter financial report, with gross profit of $1.71 billion and total revenue of nearly $5 billion. Block reported a Bitcoin gross profit of $50 million in Q1, while the total sale amount of bitcoin sold to customers – which the company recognizes as bitcoin revenue in the report – stood at a substantial figure, contributing significantly to the overall revenue.

This demonstrates not only Block's success in the Bitcoin space but also Dorsey's continued belief in the cryptocurrency's future.

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