BlockBeats News, August 8th, according to RockFlow market data, in pre-market trading, Twitter co-founder Jack Dorsey's payment platform Block Inc (XYZ) surged over 9%, with the stock price currently at $83.86.
According to the latest quarterly earnings report released on Thursday, Block achieved a gross profit of $2.54 billion in the second quarter, a 14% year-on-year increase. Block increased its Bitcoin holdings by 108 coins, bringing the total holdings to 8692 coins.