CryptoBearishThe Block · 1d ago6/10
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Dorsey’s Block raises full-year guidance after ‘strong’ Q1, records $173 million bitcoin remeasurement loss
Block Inc. raised full-year guidance following strong Q1 results, though the company recorded a $173 million bitcoin remeasurement loss. Cash App's bitcoin business declined 31% year-over-year, indicating softening demand in retail crypto trading despite the company's overall positive earnings outlook.
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