Dorsey039s – Earlybirds Invest https://earlybirdsinvest.com Latest Crypto News Sat, 09 Aug 2025 01:04:25 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.7 https://i0.wp.com/earlybirdsinvest.com/wp-content/uploads/2024/12/cropped-New-Project-2024-12-17T235703.455.png?fit=32%2C32&ssl=1 Dorsey039s – Earlybirds Invest https://earlybirdsinvest.com 32 32 240146708 Jack Dorsey's Block Inc. Boosts BTC Holdings, Reports $212 Million Gain https://earlybirdsinvest.com/jack-dorseys-block-inc-boosts-btc-holdings-reports-212-million-gain/ https://earlybirdsinvest.com/jack-dorseys-block-inc-boosts-btc-holdings-reports-212-million-gain/#respond Sat, 09 Aug 2025 01:04:25 +0000 https://earlybirdsinvest.com/jack-dorseys-block-inc-boosts-btc-holdings-reports-212-million-gain/

Block Inc., led by Jack Dorsey, continued to grow its Bitcoin
BTC


$115,461.83

holdings in the second quarter of 2025 by adding 108 BTC.

According to the 10-Q form, this brought the company’s total Bitcoin treasury to 8,692 BTC.

The new purchase cost Block around $11 million. Altogether, its Bitcoin investment stands at $1.15 billion. The company recorded a $212.2 million gain from revaluing its Bitcoin in Q2, compared to a $70.1 million loss in the same period last year.

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What is a Perpetual Contract in Crypto? (Definition + Example)

What is a Perpetual Contract in Crypto? (Definition + Example)
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Block also reported financial results for the quarter. Total revenue reached $6.05 billion, a 1.5% increase from the first quarter’s $5.96 billion. Gross profit rose to $2.54 billion, up from $2.33 billion the previous quarter.

Of the total revenue, $2.14 billion came from Bitcoin sales through Cash App. These sales earned Block a gross profit of $66 million. While Cash App handles large volumes of Bitcoin transactions, the profit margins remain relatively low.

Bitcoin has become a key part of Block’s long-term plans. In the first quarter, the company added 207 BTC to its holdings, with a combined cost of $20.6 million for both Q1 and Q2 purchases.

Recently, Jack Dorsey introduced a test version of a decentralized messaging app called Bitchat. How does it work? Read the full story.

]]> https://earlybirdsinvest.com/jack-dorseys-block-inc-boosts-btc-holdings-reports-212-million-gain/feed/ 0 52241 Jack Dorsey's Block Inc. Races to Settle with New York Over Compliance Issues https://earlybirdsinvest.com/jack-dorseys-block-inc-races-to-settle-with-new-york-over-compliance-issues/ https://earlybirdsinvest.com/jack-dorseys-block-inc-races-to-settle-with-new-york-over-compliance-issues/#respond Sun, 02 Mar 2025 16:55:22 +0000 https://earlybirdsinvest.com/jack-dorseys-block-inc-races-to-settle-with-new-york-over-compliance-issues/

Jack Dorsey’s online payments company, Block Inc., confirmed in a recent filing with the Securities and Exchange Commission (SEC) that it is in discussions with the New York State Department of Financial Services (NYDFS).

The company is negotiating with New York regulators to resolve issues related to its Bitcoin
BTC


$90,320.99

programs and anti-money laundering (AML).

The filing, submitted on February 24, states that Block Inc. is addressing concerns about its compliance with the Bank Secrecy Act and its handling of cryptocurrency transactions. It also mentions that the company has set aside funds for a potential settlement.

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Block Inc. has been under scrutiny from regulators across multiple US states. Between January 2021 and March 2023, state regulators investigated its AML policies and found compliance issues.

In January 2024, the company reached a settlement with several state agencies, agreeing to pay $80 million in penalties without admitting or denying any wrongdoing. However, New York was not part of that agreement.

As part of its previous settlement, Block Inc. agreed to make improvements to its compliance program. This includes appointing an independent consultant to review its AML practices and creating a Compliance Management Committee to oversee necessary changes. Payments for the $80 million penalty are scheduled to be completed by February 2025.

Recently, Seán Murray, head of the financial news site deBanked, speculated that Jack Dorsey is Satoshi Nakamoto, Bitcoin’s creator. What were his claims? Read the full story.

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Having completed a Master’s degree in Economics, Politics, and Cultures of the East Asia region, Aaron has written scientific papers analyzing the differences between Western and Collective forms of capitalism in the post-World War II era.
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