Block, Jack Dorsey's company, is on track to sell $10 billion worth of Bitcoin in 2024. This is evidenced by the company's financial report.
Bitcoin Revenue in 2024
According to HODL15Capital, Block earned more than $5.3 billion in Bitcoin sales during the first half of 2024. A financial analyst noted that the company is likely to reach $10 billion worth of sales by the end of the year.
Block's Financial Performance
In Block’s unaudited report, the company indicated that its total revenue for the first half of 2024 exceeded $12.1 billion. This amount includes transaction-based revenue ($3.2 billion), subscription and services revenue ($3.4 billion), and hardware sales ($75.4 million).
Expert Opinions
HODL15Capital believes that Block's success in Bitcoin sales should be seen as a sign of the digital assets market's sustainable growth. They argue this trend could further strengthen the company's position in the global market.
Block's financial results highlight significant growth in the digital assets market. The company is expected to continue delivering strong performance throughout 2024.
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