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Block (previously Square) Bitcoin Revenue By Year: 2018: $166 million 2019: $516 million 2020: $4.5 billion 2021: $8 billion+ in first three quarters $SQ $
by janandonly 5y ago
Block (previously Square) Bitcoin Revenue By Year:
2018: $166 million
2019: $516 million
2020: $4.5 billion
2021: $8 billion+ in first three quarters
$SQ $BTC
- dahak27 5y agoHow much of that is revenue from actual crypto-related business vs. just appreciation of crypto the company owns? Feels like the impressiveness of this trend really depends on that
- adam_arthur 5y agoTheir Bitcoin "revenue" is simply the face value of the Bitcoin they sell. It's like if Charles Schwab counted any stocks people bought as revenue. I suspect the difference is that SQ may hold the Bitcoin and sell directly to the user rather than as a broker. But calling it "revenue" is still highly misleading, as margins will be razor thin, by definition (the transaction fee)