Jack Dorsey Reaffirms Block's Bitcoin-Centric Vision To Boost Digital Wallet, Mining Businesses— Company's BTC Stash Grows By $15M In Q3

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 that Block’s Bitcoin-centric strategy was driven by the desire to establish a native currency for the internet, which would accelerate their business.

“If we have a native currency for the Internet, it means we can move money much faster, and we can offer Cash App products and Square products in every single market instead of the market-by-market push that we have to do today,” Dorsey emphasized.

Apart from the “Cash App” digital wallet service, the co-founder expressed ...

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