Topic
block
2 stories
Block lifts full-year profit outlook as Q3 net income climbs — but bitcoin gross profit halves
Block Inc. reported Q3 net income of $566 million and lifted its full-year gross profit forecast to $12.63 billion, even as its bitcoin ecosystem gross profit halved to $52 million.
Ark Invest Reported to Have Bought $37M in Bitcoin and Block Shares
Decrypt reported that Cathie Wood's Ark Invest bought about $37 million combined in bitcoin exposure and shares of payments company Block on September 1, 2026, with bitcoin trading near $77,400.