Data: Block's Bitcoin revenue in Q2 2023 reached $2.4 billion, a year-on-year increase of 34%

ChainCatcher news, according to the Q2 2023 financial report released by Block, the payment company founded by Twitter co-founder Jack Dorsey, the company's gross profit increased by 27% year-on-year, reaching $1.87 billion. The company's net revenue for the second quarter was $5.5 billion, of which $2.4 billion came from Bitcoin, representing a 34% increase compared to the same period in 2022. Block's Cash App business generated $1.16 billion in Bitcoin revenue, a 39% increase compared to the same period in 2022.