Investment
Features
FeesSafety
Academy
More
Pluang+

Block raises Bitcoin holdings to 9,117 BTC despite price drop, posts strong Q2 earnings.

Market News
08 Aug 2026
Crypto Briefing
View Source
Neutral
Block raises Bitcoin holdings to 9,117 BTC despite price drop, posts strong Q2 earnings.

Block increased its Bitcoin holdings to 9,117 BTC by mid-2026, acquiring 234 BTC in the first half of the year. Despite a drop in Bitcoin prices that reduced the holdings' value to about $534 million from $777 million at the end of 2025, Block reported strong Q2 earnings with adjusted EPS up 64.5% and revenue rising 9.3% to $6.6 billion. Growth in Cash App and Square helped offset a 13% decline in Bitcoin Ecosystem revenue. The company’s focus on expanding its core businesses suggests resilience despite Bitcoin investment losses.

More News

Cumberland wallet withdraws $1.41M Polygon tokens amid rising sell pressure risking price drop below $0.09

Cumberland wallet withdraws $1.41M Polygon tokens amid rising sell pressure risking price drop below $0.09

A Cumberland-linked wallet withdrew 14.6 million Polygon (POL) tokens worth $1.41 million from major exchanges, reducing supply on order books. Despite this, Polygon faces intense selling pressure from institutions and individuals, with increased tok...

Market News
Bearish
4 hours ago
Stellar jumps 8.72% amid mixed crypto market, leading gains with growing interest in blockchain payments.

Stellar jumps 8.72% amid mixed crypto market, leading gains with growing interest in blockchain payments.

Stellar (XLM) surged 8.72% to $0.1945, leading gains in a mixed cryptocurrency market. The rise is linked to increased interest in blockchain solutions for cross-border payments. Other notable movers include Zcash up 8.21%, Uniswap up 7.55%, and XRP ...

Market News
Neutral
4 hours ago
Stellar (XLM) jumps 8.72% amid mixed crypto market, leading gains over Filecoin's 8.58% drop.

Stellar (XLM) jumps 8.72% amid mixed crypto market, leading gains over Filecoin's 8.58% drop.

Stellar (XLM) surged 8.72% to $0.1945, leading the crypto market's gainers as interest grows in blockchain for financial services, especially cross-border payments. Meanwhile, Filecoin (FIL) fell 8.58% to $0.9011, reflecting ongoing volatility in the...

Market News
Neutral
4 hours ago
Westrock Coffee rated buy on strong EBITDA growth and market share gains despite recent revenue misses

Westrock Coffee rated buy on strong EBITDA growth and market share gains despite recent revenue misses

Westrock Coffee is rated a buy due to its strong forward EBITDA growth and an A growth grade from Seeking Alpha Quant. The company benefits from growing demand for ready-to-drink coffee, expanding market share, and operational efficiencies from a new...

Analyst Insights
Bullish
4 hours ago
BlackRock's digital assets chief to speak at Bitcoin Treasuries Conference in NYC

BlackRock's digital assets chief to speak at Bitcoin Treasuries Conference in NYC

Robert Mitchnick, BlackRock's global head of digital assets and creator of the iShares Bitcoin Trust ETF, will speak at the Bitcoin Treasuries Conference in New York City on September 28. The event, limited to 300 attendees, focuses on corporate Bitc...

Market News
Bullish
4 hours ago
banner-footerbanner-footer

Invest & Trade with
#1 Award-Winning Investment Super App