Want 600% Yearly Growth? Sell Bitcoin.

Can you feel those bull market vibes?

Happy Wednesday, Blockfolians

The Lede

Square reported quarterly earnings yesterday and DAMN.

Jack Dorsey's Square Inc. May Soon Loan You Money - WSJ

Bitcoin revenue was up to $875m from $306.1m in Q1. BTC revenue was up to $17m from $6.7m.

Even more insane than the quarter over quarter growth was the year over year numbers. BTC sales were up 600%, with revenue up 711%.

This is even crazier in the context of flat overall growth.

Bitcoin definitely seems to be settling into a new price range and a new relevance, and it’s hard not to agree with DCG founder Barry Silbert’s assessment:

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Highly Relevant Reading


Community Commentary

Meltem kicked up an unexpected hornet’s nest with this one, but our 2 cents is it’s a really important conversation
As number go up, we’re feeling this energy too.

A Really Big Number We Should Be Paying Attention To  

$1.2m

That’s the value of the digital NBA cards Dapper Lab has sold on the NBA Top Shot app. Not bad!


Final Thought

This is already getting fun