Payments firm Block (SQ) has begun a dollar cost averaging (DCA) program to add to its already sizable bitcoin {{BTC}} stack. Led by CEO Jack Dorsey, the company in April began using 10% of its monthly bitcoin-related gross profit to buy additional bitcoin, with plans to do this each month for the remainder of 2024. […]
Block CEO Jack Dorsey vows to more closely integrate Square, Cash App and Afterpay so the entities operate like a “social bank.” Credit: David Paul Morris/Bloomberg After retaking day-to-day control as CEO of Square last fall, Jack Dorsey, who also heads Square’s parent company, Block, surprised analysts with fourth-quarter profits that exceeded expectations, in part […]