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What Does Bitcoin Mean for Block?

·3 min read
What Does Bitcoin Mean for Block?
In this article:
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Not only does the name of this booming fintech business implicitly reference blockchain technology, which is the foundation for cryptocurrencies, but company founder and Chief Executive Officer Jack Dorsey hasn't been shy about voicing his support for Bitcoin (CRYPTO: BTC) in particular. Bitcoin is already a major part of Block's business. Not only did the company purchase $50 million worth of Bitcoin in the fourth quarter of 2020 and another $170 million in the first quarter of last year, but Block also offers individuals ways to interact with the cryptocurrency.