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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

Amplify CEF High Income ETF offers 13.3% yield but underperforms peers consistently.

Amplify CEF High Income ETF offers 13.3% yield but underperforms peers consistently.

The Amplify CEF High Income ETF (YYY) invests in 60 closed-end funds (CEFs) chosen for yield, discount, and liquidity, providing a strong 13.3% distribution yield. However, the fund has shown significant and consistent underperformance compared to it...

Market News
Bearish
4 hours ago
10 stocks, including MCD and MSFT, announce dividend raises with notable value and safety insights

10 stocks, including MCD and MSFT, announce dividend raises with notable value and safety insights

This week, 10 notable stocks including McDonald's (MCD), Microsoft (MSFT), JPMorgan Chase (JPM), and Ingredion (INGR) announced dividend increases. Microsoft stands out for its high quality rating, low payout ratio, and dividend safety, though its yi...

Company Fundamentals
Bullish
4 hours ago
Best Buy downgraded to sell despite strong quarterly results amid economic challenges

Best Buy downgraded to sell despite strong quarterly results amid economic challenges

Best Buy reported strong quarterly earnings, but ongoing economic issues like poor consumer sentiment, high inflation, and energy costs raise concerns. The analyst believes the current stock price is overvalued and does not justify holding the stock....

Analyst Insights
Bearish
4 hours ago
LG Display launches first 24.5-inch 720Hz Gaming OLED panel for esports monitors

LG Display launches first 24.5-inch 720Hz Gaming OLED panel for esports monitors

LG Display has introduced the world's first 24.5-inch 720Hz Gaming OLED panel designed specifically for esports monitors. This panel offers the highest refresh rate of 720Hz and an ultra-fast response time of 0.02ms, significantly reducing motion blu...

Others
Bullish
4 hours ago
EMLP ETF offers stability with North American energy focus but has higher fees and mixed performance.

EMLP ETF offers stability with North American energy focus but has higher fees and mixed performance.

EMLP is an actively managed ETF focused on North American energy infrastructure, especially electric power and transmission, aiming for total return with low sensitivity to energy price swings and market downturns. It suits risk-averse investors seek...

Market News
Neutral
4 hours ago
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