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Block Announces Q4 Earnings: Cash App's Bitcoin Sales Reach $1.96 Billion

Block Announces Q4 Earnings: Cash App's Bitcoin Sales Reach $1.96 Billion

2022/2/25

According to reports, Block released its 2021 Q4 financial report today, saying that the bitcoin sales of its Cash APP in the quarter reached $1.96 billion, an increase of about 8% from the previous quarter, and the related gross profit was $46 million. For all of 2021, Cash App generated $10.01 billion in bitcoin revenue and $218 million in bitcoin gross profit, up 119% and 124% year-over-year, respectively.

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