Jack Dorsey’s Block Inc. says it will buy Bitcoin every month with 10% of its gross profit from BTC products. According to the company, they will be investing 10% of Block’s monthly gross profit from bitcoin products into purchases of bitcoin for investment. JUST IN: Jack Dorsey's 'Block' says it will buy #Bitcoin every month with 10% of its gross profit from $BTC products. — Watcher.Guru (@WatcherGuru) May 2, 2024In a post on X, Dorsey says “Block is DCA’ing bitcoin every month. Furthermore, Block’s memo/blueprint states: “By allocating a portion of our monthly bitcoin gross profits to bitcoin investment on a predetermined and recurring cadence, we sidestep the challenges of market timing.

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