Jack Dorsey’s Block Rakes In Nearly $2B From Bitcoin Revenue In Q3

Jack Dorsey is a big name in the industry, and you may know him as the co-founder and former CEO of Twitter. Dorsey is currently the co-founder and Head & Chairman of Block. 

Block is a fintech company that builds global financial solutions together with its subsidiaries. Block operates in the US and internationally. There are two segments that are used to provide the services of Block worldwide: Square and Cash App.

The biggest news right now is Block’s significant achievement of nearly 2 billion US dollars from Bitcoin revenue. Jack Dorsey had become a crypto celebrity only recently.

The Successful Third Quarter Of Block

Block was able to generate nearly 2 billion US dollars worth of revenue in its third quarter. This revenue comes from Block’s integration of Square and Cash App with Bitcoin. Additionally, Block has subsidiaries that operate predominantly in the Bitcoin sector, like the Proto brand that develops Bitcoin mining hardware, and the BitKey self-custody wallet.

This news is considered to be a great opportunity for both Block and Bitcoin, as cryptocurrency partnered businesses are showing a general boom amidst the crash of Bitcoin. This could potentially boost Bitcoin’s performance in the coming days.

The company reported a net profit of 461.5 million US dollars for the third quarter of the year. This figure is in accordance with Block’s financial filing with the SEC (Securities and Exchange Commission).

We shared our Q3 earnings results today, delivering strong momentum across Block.

Gross profit grew 18% year over year, driven by continued strength in both Cash App and Square.

Full recap on the quarter here: https://t.co/EvXlVqSmUX pic.twitter.com/ielZTquCVG

— Block Investor Relations (@BlockIR) November 6, 2025

In a letter released on Thursday for shareholders, the company reported a consistent 18% gross profit growth every year for the last two years. While this marks the overall growth of the company, Cash App has grown by 24% and Square by 9%.

Bitcoin Income Supports Block During A Mixed Quarter

When an overall analysis of the company’s performance is made, analysts note that the performance was slightly below the expected performance level. While the company was able to rake in 6.11 billion US dollars in revenue, analysts had predicted that Block would generate 6.34 billion US dollars in revenue.

This performance mismatch continues as the EPS (Earnings Per Share) values were also shorter than the predicted value. EPS after adjustment was $0.54, while the prediction was expecting an adjusted EPS of $0.63.

Even though the whole quarter generated a mixed sentiment in terms of revenue, a noteworthy point is that Bitcoin sources were the major income-generating engines for Block. This explains the increased enthusiasm expressed in Bitcoin by Dorsey.

The firm is holding approximately 8780 Bitcoins as of September 30, 2025. The likelihood of Bitcoin infrastructure within major operations of Block has become evident as the company continues to expand its Bitcoin ecosystem. Block’s latest merchant wallet and payment tools will allow merchants to accept Bitcoin directly. This is strong evidence of the expanding Bitcoin infrastructure within the block.

Another aspect that strongly suggests the company’s interest in going forward with the Bitcoin infrastructure is the action regarding a 40 million US dollar settlement paid towards allegations from the New York Department of Financial Services. The allegation was regarding compliance gaps related to the Bitcoin payment infrastructure. With the allegations settled over such a large sum, Block is definitely on a path to expand its Bitcoin-based operations in the financial sector.

Crypto Strategy Is Strengthening Block

Dorsey has described from time to time that Bitcoin is “the internet’s native currency”. He has made it his mission to integrate Bitcoin payments into daily lives through his platform. It would be an understatement to say Dorsey is simply using Bitcoin as a mode of payment, since he himself had stated that if he were not working on Block, he would dedicate his entire time towards Bitcoin development.

All of these show Dorsey’s strong belief in Bitcoin, and it seems to be paying off as well. After the news regarding the revenue came, the shares were still slipping in price. It almost went down by 11% late into trading. However, analysts review Block’s Bitcoin strategy as a long-term success ingredient. This becomes even more significant as Bitcoin is gaining traction in institutional adoption.

Dorsey had previously vouched for Bitcoin by stating that Bitcoin should not just be viewed as an asset or store of value, but rather it should be a medium of exchange. Inspired by this proposal, Senator Cynthia Lummis is planning to exempt microtransactions involving cryptocurrency from capital gains taxes.

Final Thoughts

Jack Dorsey and Block’s journey to success seems to be fueled by Bitcoin. This could be the reason why he is such an avid fan of Bitcoin. It is noteworthy that Block’s major revenue share was held by its Bitcoin payment systems. This is increasing evidence of Bitcoin’s expansion in daily transactions. This will be a great boost to the crypto asset as well, since it is transitioning from the traditional notion of Bitcoin being a store-of-value to one of integral use in everyday life.

This integration, coupled with the tax exemption, could mean that Bitcoin will soon be a part of everyone’s financial transactions. With Block’s cross-border presence, this revolution could spread from the US to other countries as well, once again boosting the value of Bitcoin and making it the official currency of the internet.