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Jack Dorsey's Block Reports 31% Drop in Bitcoin Gross Profit Amid Cash App Fee Cuts
Block's Bitcoin ecosystem gross profit dropped 31% year-over-year in the second quarter of 2026, landing at $72 million. The company accumulated an unrealized loss of $88.5 million due to price fluctuations in its corporate reserves of 9,032 BTC. Total revenue from the Bitcoin segment reached $1.
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