2 sourcesTracking since 5 Aug, 20:47
Block’s bitcoin gross profit falls 31% after Cash App fee cuts as shares reverse initial gains
Chronological coverage
First seen5 Aug, 20:47Block’s bitcoin gross profit falls 31% after Cash App fee cuts as shares reverse initial gains
Block raised its 2026 gross profit forecast to $12.51 billion after posting record adjusted operating income.
The Block•Kyle Baird
Latest5 Aug, 20:53Block’s bitcoin gross profit falls 31% after Cash App fee cuts
Block's strategic fee cuts boost user engagement and trading volume, potentially enhancing long-term growth despite short-term profit dips.
CryptoBriefing•Editorial Team