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Crypto

U.S. Block Inc. Sees Bitcoin-Related Gross Profit Halve Due to Cash App Fee Reduction

2026/11/05 01:27(Updated 2026/11/04 18:58)

CoinPost

Written by CoinPost Editorial Department

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U.S. Block Inc. Sees Bitcoin-Related Gross Profit Halve Due to Cash App Fee Reduction

Bitcoin-Related Gross Profit Halved

On the 3rd, U.S. payment giant Block, led by Jack Dorsey, announced its financial results for the third quarter of 2026 (July to September). The gross profit from Bitcoin-related businesses, including buying and selling Bitcoin (BTC) on the payment app 'Cash App', was $52 million (approximately ¥8.2 billion), exactly half of the $104 million recorded in the same period last year.

The company...

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