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☆ Bitcoin firm MicroStrategy pops 27% in two days as company's crypto stake hits $11 billion
▼ + stars: | 2024-02-27 | by ( Mackenzie Sigalos | ) www.cnbc.com time to read: +4 min

In this article MSTR Follow your favorite stocks CREATE FREE ACCOUNTMicroStrategy CEO Michael Saylor speaks at the Bitcoin 2021 Convention, a crypto-currency conference held at the Mana Convention Center in Wynwood on June 04, 2021 in Miami, Florida. MicroStrategy, along with its subsidiaries, now owns about 193,000 bitcoins worth $11 billion. watch nowInvestors have been increasingly bullish on the bitcoin trade following the SEC's approval of multiple spot bitcoin exchange-traded funds last month. "Institutional capital is still getting up to speed with bitcoin ETFs. For example, MicroStrategy has the ability to acquire bitcoin using proceeds from debt and equity issuances, the firm said.

Persons: Michael Saylor, Joe Raedle, MicroStategy, Andrew King, bitcoin, Bitcoin, Ryan Rasmussen, —, MicroStrategy, Cowen, CNBC's Dylan Butts, Ari Levy Organizations: Mana Convention, Getty, Bitwise Asset Management, Research, Benchmark Locations: Wynwood, Miami , Florida, bitcoin, Bitcoin

☆ Block shares surge after earnings beat and increased full-year guidance
▼ + stars: | 2023-11-02 | by ( Rohan Goswami | In Rohangoswamicnbc | ) www.cnbc.com time to read: +3 min

The company had previously guided to $1.5 billion in full-year adjusted EBITDA but now expects adjusted EBITDA to come in between $1.66 billion and $1.68 billion. Block is guiding to adjusted full-year operating income of $205 million to $225 million, a sharp increase from prior guidance of $25 million. Analysts surveyed by LSEG had expected full-year revenue guidance to come in at $21.54 billion. The company didn't provide full-year revenue guidance but did guide to $875 million in adjusted operating income for 2024. Cash App revenue soared $3.58 billion 34% year over year, while Square revenue grew 12% to $1.98 billion.

Persons: Jack Dorsey, LSEG, Block, Gross, we've, Dorsey Organizations: Twitter, Mana Convention, Cash Locations: Wynwood, Miami , Florida

☆ Shares of Block jump on earnings beat
▼ + stars: | 2022-11-03 | by ( Kif Leswing | ) www.cnbc.com time to read: +2 min

Block stock rose over 11% in extended trading after the payments company reported third-quarter earnings that beat Wall Street expectations for profit. Here's how Block did versus Refinitiv consensus expectations:EPS : $0.42, adjusted, versus expectations of $0.23: $0.42, adjusted, versus expectations of $0.23 Revenue: $4.52 billion versus expectations of $4.49 billionBlock posted $1.57 billion in gross profit, up 38% from $1.13 billion a year ago. Its Cash App business reported $774 million in gross profit, a 51% year-over-year rise, according to Block. Block said it made $37 million from Bitcoin sales during the quarter on $1.76 billion in gross sales. Block still holds $156 million worth of bitcoin, based on its price at the end of September.

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