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Home›Crypto›Market Structure›Block's bitcoin gross profit drops 31% after Cash App…

Block's bitcoin gross profit drops 31% after Cash App fee cuts

The Block also increased its 2026 gross profit forecast to $12.5 billion after posting record adjusted operating income, according to The Block.

Reported · Written up by our desk · Market Structure

Block reported that its bitcoin gross profit fell 31% after it cut Cash App fees, shifting revenue economics for its crypto business.

The Block said it raised its forecast for 2026 gross profit to $12.5 billion, after posting record adjusted operating income.

The update came as the shares reversed early gains, reflecting investor reaction to the companys crypto profitability move.

Latest closeBitcoin $64,618.89 ▲0.9%

← Newer storyUSD/SGD holds near 1.2820, UOB flags 1.2790 support

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Sources

The BlockBlock’s bitcoin gross profit falls 31% after Cash App fee cuts as shares reverse initial gains

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