Happy Wednesday, Blockfolians
The Lede
Square reported quarterly earnings yesterday and DAMN.
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
Meet the new accelerator that’s just for DeFi startups
Wait, this came from CONGRESS? These members of Congress are worried that staking is going to be over-taxed.
This billion-dollar public company is starting to trade gold and bitcoin
In a shocker to absolutely no one, JPMorgan says older people prefer gold while younger people look to bitcoin
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