Block added more Bitcoin to its treasury, lifting long-term holdings to 9,117 BTC by June 30, 2026, even as Q2 brought $88.5 million in remeasurement losses. It’s a clear sign that Jack Dorsey’s company still sees BTC as a reserve asset, not just a branding exercise.
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Jack Dorsey is pushing Bitcoin toward the one use case that actually matters: money people can spend, save, and hold without begging a bank for permission. Through Block, he’s backing tools meant to make Bitcoin payments, self-custody, and merchant adoption more practical, not just more hyped. Jack Dorsey wants Bitcoin to work as everyday money […]
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Bitcoin Payments Break Through: Square Auto-Enables BTC for 4 Million U.S. Merchants Bitcoin just smashed a major barrier to mainstream acceptance. Square, the payment processor under Jack Dorsey’s Block, has launched a phased rollout to automatically enable Bitcoin payments for around 4 million eligible U.S. merchants. Starting this week and completing by November 10, this […]
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Block’s AI Layoffs: Jack Dorsey Bets Big Amid Crypto Struggles Jack Dorsey, CEO of Block, has made a bold and brutal move, slashing nearly 4,000 jobs—about half the fintech giant’s workforce—in one fell swoop last week. Once a darling of the Bitcoin and crypto world, Block is now pivoting hard toward AI, with Dorsey claiming […]
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Jack Dorsey Shakes Up Block: Layoffs, AI, and a Bitcoin-Only Future Jack Dorsey, the maverick cofounder and CEO of Block (formerly Square), has dropped a bombshell by slashing nearly 40% of his workforce, pinning the move on AI’s disruptive potential. In a candid sit-down with WIRED, Dorsey defends this gut-punch decision, doubles down on Bitcoin […]
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Block Slashes 40% of Workforce: Dorsey’s ‘Intelligence Pivot’ or Managerial Misstep? Jack Dorsey’s fintech powerhouse, Block, has unleashed a seismic shake-up by cutting 40% of its workforce—over 4,000 employees—bringing its headcount down to just under 6,000. Framed as a strategic pivot toward efficiency through intelligence tools and leaner teams, this move has ignited a firestorm […]
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Jack Dorsey’s Block Cuts 4,000 Jobs in AI Overhaul: Impact on Bitcoin and Fintech Jack Dorsey, the visionary yet polarizing force behind Block, has unleashed a major upheaval in the fintech and crypto-adjacent sphere by announcing the layoffs of 4,000 employees—about 40% of the company’s workforce. This aggressive pivot toward AI-driven operations is a calculated […]
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Is Jack Dorsey the Mind Behind Bitcoin? New Clues Fuel the Satoshi Nakamoto Mystery Jack Dorsey, the tech visionary who built Twitter and now leads Block, is no stranger to shaking up the digital world. But could he be the enigmatic Satoshi Nakamoto, the pseudonymous architect of Bitcoin? A recent wave of speculation from analysts […]
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Jack Dorsey Blasts Tether’s $250K Bitcoin Dev Donation as ‘Peanuts’ Amid $13B Profits Jack Dorsey, the Twitter co-founder and a relentless Bitcoin advocate, has taken a hard swing at Tether, the stablecoin titan behind USDT, for their paltry $250,000 donation to OpenSats—a nonprofit that fuels Bitcoin developer projects. With Tether banking a monstrous $13 billion […]
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Working on It: Senator Lummis and Jack Dorsey Push for Bitcoin Tax Exemption Senator Cynthia Lummis (R-WY) is crafting a game-changing bill to exempt small Bitcoin transactions from capital gains taxes, spurred by a public push from Jack Dorsey, the Bitcoin advocate and founder of Block. This move could make Bitcoin a practical tool for […]
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