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© Reuters
Jack Dorsey’s payment company Block Inc. reported $1.83 billion of (BTC) revenue from its Cash App business unit in the fourth quarter, representing a 7% fall from the same time last year.
In its Q4 and full-year results announced on Feb. 23, Block attributed the fall in Bitcoin revenue to the decline in BTC price in the year. Bitcoin fell approximately 65% throughout 2022.
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