Block’s Bitcoin revenue exceeded $2.61 billion during the second quarter of 2024, contributing to a total net revenue of $6.16 billion for the period.
Jack Dorsey’s payment conglomerate Block Inc. has released its earnings results for the second quarter of 2024, posting a 9% growth in Bitcoin revenue year over year.
According to a shareholder letter, Block’s Bitcoin (BTC) revenue topped $2.61 billion over the period, with total net revenue reaching $6.16 billion in the quarter — an 11% growth compared to the same period in 2023.
Excluding Bitcoin income, revenue was $3.54 billion, up 13% year over year. Block recognizes Bitcoin revenue as the total amount of BTC sold to customers.
