Block

On Wednesday, the Cathie Wood-led Ark Invest made a significant move by purchasing a substantial number of shares in Tempus AI Inc. (NASDAQ:TEM) and selling shares of Block Inc. (NYSE:XYZ). The trades were executed through the ARKG and ARKK ETFs. The Tempus AI Trade saw Ark Invest acquiring a...

Jack Dorsey, co-founder and executive chair of Block Inc. (NYSE:XYZ), reiterated the Bitcoin (CRYPTO: BTC)-only strategy of its "Cash App" digital wallet service on Tuesday. What happened: Dorsey took to X, stating, "We are Bitcoin only. And improving rapidly,” in response to a post that...

Jack Dorsey, CEO of Block Inc. (NYSE:XYZ), expressed excitement about the upcoming delivery of the firm’s first Bitcoin (CRYPTO: BTC) mining hardware on Thursday, developed as part of its mining products suite, Proto. What Happened: During the company’s first-quarter earnings call...

Wall Street experienced a positive momentum as the S&P 500 marked its eighth consecutive day of gains on Thursday, climbing 0.6% to 5,604.14. This rally helped the index recover from losses incurred due to trade tariffs announced by President Donald Trump. The Nasdaq also saw a significant rise...

PayPal Holdings Inc. (NASDAQ:PYPL) is seeing strong momentum with its "Buy Now, Pay Later" services, with significantly higher user engagement and larger transaction sizes, as it expands the offering globally. What Happened: During its first quarter earnings on Tuesday, PayPal highlighted key...

Fintech firm Block, Inc. (NYSE:XYZ) launched a new dashboard Wednesday to help companies effectively manage their Bitcoin (CRYPTO: BTC) holdings. What Happened: The Jack Dorsey-founded company released an open-source toolkit to cater to the rapidly growing Bitcoin treasury management market....

Jack Dorsey, co-founder and executive chair of Block Inc. (NYSE:XYZ), voiced optimism for the firm’s Bitcoin (CRYPTO: BTC) mining products suite, Proto, on Thursday, hoping to gain a broader share of the largely untapped sector. What Happened: During the company's fourth-quarter earnings...

Shares of Block Inc. (NYSE:SQ), led by Jack Dorsey, closed up 4.62% on Tuesday, gaining over 16% in the past five days as Piper Sandler‘s Managing Director and Senior Research Analyst Arvind Ramnani initiated coverage with an “overweight” rating and set a price target of $83 per...

Block Inc. (NYSE:SQ) CEO Jack Dorsey reiterated the company’s exclusive focus on Bitcoin (CRYPTO: BTC), intending to make the cryptocurrency the centerpiece of its financial services operations. What Happened: During the company’s third-quarter earnings calls on Thursday, Dorsey stated...

Financial services company Block, Inc. (NYSE:SQ), co-founded by tech mogul Jack Dorsey, is well-known for holding a significant amount of Bitcoin (CRYPTO: BTC) on its balance sheet. What happened: Exactly four years ago on Oct. 7, 2020, the company, which also sells point-of-sale equipment to small...

Core Scientific Inc. (NASDAQ:CORZ), one of the world's biggest Bitcoin (CRYPTO: BTC) mining companies, would remember 2024 as a turnaround year. The firm exited Chapter 11 bankruptcy in January and relisted its shares on Wall Street. Since making a comeback, the company's stock has surged nearly...

Block Inc. (NYSE:SQ) co-founder Jack Dorsey has shown great optimism about the potential of the Bitcoin (CRYPTO: BTC) mining chip market, terming it a “massive opportunity” for the company. What Happened: During the Q2 earnings calls Thursday, Dorsey highlighted the current market...

Tech entrepreneur Jack Dorsey, who co-founded Twitter, now known as X, and Block Inc. (NYSE:SQ), has been a vocal supporter of decentralization and frequently expresses bullish views around Bitcoin (CRYPTO: BTC), arguably the world's most recognized decentralized entity. What Happened:  In a...

Jack Dorsey, the co-founder of Twitter, now known as X, has reportedly inadvertently funded a developer with ties to a Brazilian fascist through his $10 million donation to the decentralized social-media protocol Nostr. What Happened: The recipient of Dorsey’s funding, Giovanni Torres Parra,...

On Monday, Cathie Wood’s Ark Invest made some significant trades, the most notable being the purchase of Shopify Inc (NYSE:SHOP) shares and the sale of Block Inc (NYSE:SQ) shares. The Shopify Trade Ark Invest’s ETFs, including Ark Fintech Innovation ETF (NYSE:ARKF), ARK Innovation ETF (...