According to Block’s quarterly 2021 earnings report, Cash App generated $1.96 billion in Bitcoin (BTC) revenue.
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Cash App generated $46 million in gross Bitcoin profit over the period.
Firm also outperformed its overall performance compared to 2021:
“Cash App for the full year 2021, bitcoin revenue of $10.01 billion, up 119% and 124% over the previous year, respectively. and generated $218 million in Bitcoin gross profit. However, income and profit may fluctuate”
Cash App had $ 4.57 billion in Bitcoin revenue in 2020.
Cryptocurrency exchange Coinbase also announced that it generated $2.5 billion in net income in the fourth quarter of 2021.
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