Happy Wednesday, Blockfolians
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:
Bloomberg Crypto @cryptoBitcoin mania appears to be almost back in full bloom. https://t.co/t817vmF5Aq
Enjoying Blockfolio’s Market Refresh? Sign up to have it delivered every day.
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
Meltem kicked up an unexpected hornet’s nest with this one, but our 2 cents is it’s a really important conversation
Meltem Demirors @Melt_Demvenezuela is not a "case study" for bitcoin turkey is not a "case study" for bitcoin the philippines is not a "case study" for bitcoin countries experiencing economic crisis, political turmoil, food insecurity, and other humanitarian issues are not "case studies" for #bitcoin
As number go up, we’re feeling this energy too.
A Really Big Number We Should Be Paying Attention To
That’s the value of the digital NBA cards Dapper Lab has sold on the NBA Top Shot app. Not bad!
This is already getting fun
John Vallis @johnkvallisBitcoiners fawning over @stoolpresidente is some weak shit. #Bitcoin is the greatest asset in the history of the world. It doesn't need a legion of pump & dumpers to succeed. I'd rather they keep throwing darts at a board while me and mine accumulate more corn on the cheap.