Square Bitcoin Revenue Exceeds $1B

Plus the biggest dark market bitcoin seizure ever.

Happy Friday, Blockfolians

The Lede

What a week. Bitcoin smashes through $15,000. Prediction markets completely out perform the pollsters.

Hiding in among all of the news onslaught was this juicy little nugget. For the first time, Square reported more than a billion dollars in quarterly bitcoin revenue. And it wasn’t just a smidge over $1B either.

  • $1.63B in revenue - 11x annual growth

  • $32M in bitcoin profit - 15x annual growth

This growth shows continued steady increases in consumer interest in bitcoin. With the price rises that we’ve seen this week, that’s sure to do nothing but increase.

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Highly Relevant Reading


Community Commentary

It’s not retail. Not yet.
It’s too good.

A Really Big Number We Should Be Paying Attention To

69,370

Remember those Silk Road linked coins we talked about the other day? Turns out the US seized them - biggest digital asset seizure ever.


Final Thought

It’s glorious.