Cash App’s quarterly Bitcoin revenue triples despite BTC impairment loss for Square

Cointelegraph

Published Aug 02, 2021 02:02AM ET

Updated Aug 03, 2021 04:00AM ET

Jack Dorsey’s Square has reported a 200% increase in Bitcoin (BTC) revenue for the second quarter year-on-year (YoY).

The company announced the impressive earnings figures in its second-quarter shareholder letter on Sunday. In the report, Square revealed its total gross profit grew 91% YoY to $1.14 billion.

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