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Block Doubles Down on Bitcoin: Scoops Up 108 BTC in Q2 Amid Market Turbulence

Block Doubles Down on Bitcoin: Scoops Up 108 BTC in Q2 Amid Market Turbulence

Author:
Coingape
Published:
2025-08-08 11:40:58
13
2

Another corporate whale joins the Bitcoin feeding frenzy.

While traditional finance scrambles to justify its 2% bond yields, Block just quietly stacked another 108 BTC this quarter—because apparently, 'number go up' beats spreadsheet gymnastics every time.

The move signals unshakable conviction as institutions increasingly treat Bitcoin like a balance sheet vaccine against fiat decay. No hedging, no apologies—just cold, orange-pilled accumulation.

Wall Street analysts are still trying to price this 'barbaric relic' using their 1982 DCF models. Meanwhile, the smart money keeps HODLing.

Block Increases Bitcoin Holdings by 108 BTC in Q2

Block, the fintech company led by Jack Dorsey, increased its Bitcoin holdings by 108 BTC in the second quarter of 2025. This brings the total to 8,692 BTC, valued at roughly $1 billion. Despite a $212 million revaluation loss due to Bitcoin’s price drop, Block reported strong financial results with a 14% rise in gross profit to $2.54 billion. The company’s strategy bolsters its position among the largest corporate Bitcoin holders, supporting Dorsey’s vision of Bitcoin as the backbone of the digital economy.

|Square

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