Jack Dorsey confirmed Block’s development of Bitcoin payment systems for Square and Bitkey. Currently, Block owns 8,485 BTC worth over 700 million USD. Bitkey, launched in late 2023, is a self-custody Bitcoin hardware wallet that ensures secure management of Bitcoin.
Block plans to enhance investments in Bitcoin mining and self-custody wallets. To focus on Bitcoin initiatives, the company will reduce investments in Tidal and halt its web project TBD. This strategic shift aims to position Block as a leader in the Bitcoin mining industry.
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