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Block’s bitcoin gross profit falls 31% after Cash App fee cuts as shares reverse initial gains

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5 August
Latest5 Aug, 20:53
Block’s bitcoin gross profit falls 31% after Cash App fee cuts
Block's strategic fee cuts boost user engagement and trading volume, potentially enhancing long-term growth despite short-term profit dips.
CryptoBriefing•Editorial Team
First seen5 Aug, 20:47
Block’s bitcoin gross profit falls 31% after Cash App fee cuts as shares reverse initial gains
Block raised its 2026 gross profit forecast to $12.51 billion after posting record adjusted operating income.
The Block•Kyle Baird