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Cash App’s quarterly Bitcoin revenue triples despite BTC impairment loss for Square By Cointelegraph

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Cash App’s quarterly Bitcoin revenue triples despite BTC impairment loss for Square

Jack Dorsey’s Square has reported a 200% increase in revenue for the second quarter year-on-year (YoY).

The company announced the impressive earnings figures in its second-quarter shareholder letter on August 1. In the report, Square revealed its total gross profit grew 91% YoY to $1.14 billion.