Jack Dorsey’s Block Is Sitting on $207M Gain on Its Bitcoin Bet – CoinDesk

“The total sale amount of bitcoin sold to customers—which we recognize as bitcoin revenue—was $2.52 billion, up 37% year

over year,” the report said. “The year-over-year increase in bitcoin revenue and gross profit was driven by an increase in the average market price of bitcoin as well as a benefit from the price appreciation of our bitcoin inventory during the quarter.”